Rare Book Monthly

Articles - September - 2007 Issue

What is More Expensive than a Collectible Book? -- The Outrageous Cost of College Textbooks

Noimage

none


Textbook publishers have been adept at keeping prices high. The used book market, which BookFinder helps students access, is countered by constantly revised editions, making older ones "obsolete." In rapidly changing fields such as medicine and the sciences, this may be necessary, but math doesn't change all that much from year to year, particularly at its basic levels. Nor does history change, or classical music, or Shakespeare or English and other languages. Revised editions add to students' costs, not knowledge, but making older editions obsolete dries up the used book market, though the change may be more in appearance than substance. And then there are add-ons, like CDs provided with textbooks, that make it difficult for students to use perfectly good used copies.

Several ideas have been floated to deal with this problem. Michael Granof, a University of Texas professor, recently published an Op-Ed proposal in the New York Times suggesting that texts be sold on the basis of a "site license," rather than a book, like software. Everyone in a class would be required, as part of the course cost, to pay a license fee. That amount would be something reasonable, but all students would have to pay it. Then, students could access the text online for no additional cost, or buy a new or used hard copy. Hard copies would be offered for their actual production cost, comparatively small, rather than the huge mark-ups which generate the profits. Profits would come from the site license. A good text could provide ongoing profits for the author and publisher for years with no extra costs to them. At that point, the profit percentage is 100%, though each student might only have to pay, Granof suggests, $15 for the license.

While a clever idea, its implementation might be a bit complicated. Perhaps universities should band together to provide lists of recommended textbooks, with only those fairly priced included. Of course asking universities, already engaged in their own absurd pricing, to help remedy the textbook problem might be a bit of a stretch. It may just bring more attention to their own shortcomings. Perhaps the state universities should lead this attack. Currently, many states provide recommended if not mandated textbook lists for secondary schools. They could logically help on the university level, although I would not favor requiring colleges to buy from these lists. This would allow states, which is to say politicians, to determine what students can be taught. That's not a good idea. However, if they provided recommended lists based on price, it is likely that most publishers would have to offer all of their textbooks at more rational prices to compete with those on the list.

For now, students will have to scrounge for the best prices they can find, and the bookselling sites, or site searchers like BookFinder, can help. Of course, it you are told which textbook to buy in your first class, and given an assignment from it that night, a web merchant is not going to be of much help. If the student has a few days, then online becomes a cheaper, though not cheap, alternative. BookFinder listed a typical course load example from the University of California at Berkeley, where the textbooks all new for one semester were $635, at a discount book store $517, and through the web $272.45. That is not a solution to the problem, but it is a stopgap for now until we have the will to tackle this issue.

Rare Book Monthly

  • <center><b>Bonhams<br>Fine Books and Manuscripts<br>New York | June 11, 2019</b>
    <b>Bonhams, Jun 11:</b> Faulkner, William. <i>The Sound and the Fury.</i> New York: Jonathan Cape, [1929]. First edition in dust jacket. $4,000 to $6,000
    <b>Bonhams, Jun 11:</b> Trautz-Bauzonnet bindery. Shakespeare, William. Sonnets. 1901. 2 volumes. Printed on vellum and illuminated by Ross Turner. $8,000 to $12,000
    <b>Bonhams, Jun 11:</b> Thompson, Kay. <i>Eloise at Christmastime.</i> New York: Random House, [1958]. First edition. In custom binding by Asprey. $800 to $1,200
    <center><b>Bonhams<br>Fine Books and Manuscripts<br>New York | June 11, 2019</b>
    <b>Bonhams, Jun 11:</b> Beardsley, Aubrey. <i>The Birth, Life, and Acts of King Arthur.</i> 1893-94. 2 volumes. Contemporary painted vellum gilt by Chivers. $2,000 to $3,000
    <b>Bonhams, Jun 11:</b> Assisi, St. Francis. <i>The Canticle of Brother Sun.</i> Illuminated on vellum, for the Grolier Society. $6,000 to $9,000
    <b>Bonhams, Jun 11:</b> Taylor, Deems. <i>Walt Disney’s Fantasia.</i> New York: 1940. In custom binding by Asprey. $2,000 to $3,000
  • <b>Swann Auction Galleries May 14:</b> William Shakespeare, <i>Shakespeare’s Sonnets, In Two Parts,</i> limited Saint Dunstan edition, Oxford University Press, 1901. $6,000 to $9,000.
    <b>Swann Auction Galleries May 14:</b> Benjamin Graham & David L. Dodd, <i>Security Analysis,</i> first edition, inscribed by Graham to a Wall Street trader, NY, 1934. $18,000 to $25,000.
    <b>Swann Auction Galleries May 14:</b><br>Ian Fleming, <i>Goldfinger,</i> first edition, inscribed to Sir Henry Cotton, MBE, London, 1959. $12,000 to $18,000.
    <b>Swann Auction Galleries May 14:</b><br>Ian Fleming, <i>The Man with the Golden Gun,</i> first edition, first state with the dust jacket, London, 1965. $6,000 to $9,000.
    <b>Swann Auction Galleries May 14:</b> Virginia Woolf, <i>The Voyage Out,</i> first American edition of the author’s first book, in rare dust jacket, NY, 1920. $2,000 to $3,000.
    <b>Swann Auction Galleries May 14:</b> Gabriel García Márquez, <i>Cien años de soledad,</i> Buenos Aires, 1967. $2,000 to $3,000.
    <b>Swann Auction Galleries May 14:</b> Mary Mapes Dodge, <i>Along the Way,</i> first edition, author’s copy, annotated in her hand, NY, 1879. $1,800 to $2,500.
    <b>Swann Auction Galleries May 14:</b> <i>The Dial: A Monthly Magazine for Literature, Philosophy and Religion,</i> first edition, Ralph Waldo Emerson’s copy, Cincinnati, 1860. $2,500 to $3,500.
    <b>Swann Auction Galleries May 14:</b> Gaston Leroux, <i>The Phantom of the Opera,</i> first American edition, first printing, New York, 1911. $12,000 to $18,000.
    <b>Swann Auction Galleries May 14:</b> Walt Whitman, <i>Leaves of Grass,</i> signed, Camden, 1876. $4,000 to $6,000.
  • <b>Leslie Hindman Auctioneers: Fine Books and Manuscripts. May 1, 2019</b>
    <b>Leslie Hindman, May 1:</b> WRIGHT, Wilbur -- WRIGHT, Orville. Photograph signed. 128 x 177 mm, black and white. Taken for Collier's Weekly by James H. ("Jimmy") Hare. $8,000 to $12,000
    <b>Leslie Hindman, May 1:</b> WRIGHT, Wilbur -- WRIGHT, Orville. Typed document signed, New York, NY, 18 November 1909. A founding document in the history of aviation: the certificate of incorporation for the Wright Company. $20,000 to $30,000
    <b>Leslie Hindman, May 1:</b> LINCOLN, Mary Todd. Personal monogrammed handkerchief. Square linen handkerchief, silk border, "ML" monogram to one corner, 11 1/8 x 11 1/4 in. $1,000 to $1,500
    <b>Leslie Hindman Auctioneers: Fine Books and Manuscripts. May 1, 2019</b>
    <b>Leslie Hindman, May 1:</b> TRUMAN, Harry S. Broadside signed, as President, 8 May 1945. Truman's V-E Day proclamation. $4,000 to $6,000
    <b>Leslie Hindman, May 1:</b> WASHINGTON, Martha Dandridge Custis, First Lady. Autograph free frank signed on integral cover sheet. One of four surviving free franks by Martha Washington. $30,000 to $40,000
    <b>Leslie Hindman, May 1:</b> DALI, Salvador, illustrator. -- DODGSON, Charles Lutwidge. <i>Alice in Wonderland.</i> New York: W.U.C.U.A. and Maecenas Press - Random House, 1969. Limited edition, signed by Dali. $3,000 to $4,000
    <b>Leslie Hindman Auctioneers: Fine Books and Manuscripts. May 1, 2019</b>
    <b>Leslie Hindman, May 1:</b> CHURCHILL, Winston Spencer. <i>Lord Randolph Churchill.</i> London: Macmillan and Co., 1906. First edition, presentation copy to his valet, inscribed. $5,000 to $7,000
    <b>Leslie Hindman, May 1:</b> DICKENS, Charles. <i>Great Expectations.</i> London: Chapman and Hall, 1861. First edition, 3 vols. Vol. I second issue, vol. II first issue, vol. III third issue. $4,000 to $6,000
    <b>Leslie Hindman, May 1:</b> DODGSON, Charles Lutwidge ("Lewis Carroll"). <i>Sylvie and Bruno. -Sylvie and Bruno Concluded.</i> London: Macmillan, 1889, 1893. First editions, inscribed presentation copies. 2 works in 2 vols. $1,000 to $1,500
    <b>Leslie Hindman Auctioneers: Fine Books and Manuscripts. May 1, 2019</b>
    <b>Leslie Hindman, May 1:</b> KEULEN, Gerard van. <i>Nieuwe Wassende Graaden Paskaart Vertoonende alle de Bekende Zeekusten en…</i> [Amsterdam, ca 1720]. Important 18th century world map depicting California as an island. $6,000 to $8,000
    <b>Leslie Hindman, May 1:</b> ALHAZEN [Abu 'Ali al-Hasan ibn al-Hasan ibn al-Haytham]. <i>Opticae thesaurus.</i> Translated from Arabic into Latin. First edition of Alhazen’s classic work on optics and vision. $18,000 to $25,000
    <b>Leslie Hindman, May 1:</b> GALILEI, Galileo. <i>Systema cosmicum... in quo quatuor dialogis…</i> Translated from Italian by Matthias Bernegger. Strasbourg: D. Hauttius for the Elzevirs [at Leiden], 1635. First Latin edition. $6,000 to $8,000

Article Search

Archived Articles

Ask Questions