Word: textbooks
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...many years, it has been an unfortunate reality of higher education that most students are burdened with a four, five, or six hundred dollar (sometimes worse) bill for textbooks. Add on the cost of sourcebooks and other school supplies, and it is not hard to see how a college education can easily be perceived as a luxury for the well-off. Many students put little to no thought into the pricing practices of publishing companies; some students don’t even bother to comparison shop. But textbook prices are not set in stone; they are subject to the laws...
...legislators called on the General Accounting Office (GAO) to launch an investigation of publishers, ensuring that they were not engaging in price fixing or other dubious acts to keep costs high for students. CSPIRG’s report, “Ripoff 101: How the Current Practices of the Textbook Industry Drive Up the Cost of College Textbooks,” also led to hearings this summer before a subcommittee of the U.S. House Education Committee...
...product of his search was Redline Textbooks, a new company Yagan started with seven fellow Currier House residents that takes advantage of substantial disparities in textbook prices at the Harvard Coop as compared to those at other retailers and distributors. The prices set by publishers often vary from country to country, and the new company exploits this fact by buying textbooks required in popular Harvard courses, mostly from Western Europe, and reselling them on campus...
...will certainly be suggesting that the students buy the textbook from Redline Textbooks,” said Professor of Economics Edward L. Glaeser, who teaches Economics 1011a, “Microeconomic Theory.” “I belive in free trade and I believe in arbitrage, and I think this is a terrific thing what they’re doing...
Washington, the company sales manager, expressed optimism about textbook sales, and said that the company was not operating at a loss overall...