Dictionary.com definition of capitalism: "An economic system based on a free market, open competition, profit motive and private ownership of the means of production."
From what I understand, the textbook market in no way represents a free market or capitalism. Publishers and schools have a lock on the market.
Also from my (admittedly possibly out of date) understanding: the authors themselves make little or no money. College-level textbooks get written for the love of it, respect, and simply to be published.
From what I understand, the textbook market in no way represents a free market or capitalism. Publishers and schools have a lock on the market.
Also from my (admittedly possibly out of date) understanding: the authors themselves make little or no money. College-level textbooks get written for the love of it, respect, and simply to be published.