The August issue of Book Business had an interesting piece about the textbook industry. The article, “Combating the Higher-Ed Used Book Market,” said that of the $8 billion higher-ed textbook industry, roughly two thirds of the dollars spent is for used books. That’s bad news for the publishers and authors, as neither makes any money when students resell their textbooks.
There are many possible reasons for this, including high cost, books students don’t want in the first place or will never use again, required classes students don’t want to take, required books instructors don’t use, and so on. Another reason is some students must sell their book to help finance the next semester… read more>>