For those who have followed the many recent posts in many places (e.g., Joe Liu at Co-Op here, Paul Horwitz at PrawfsBlawg here, Matt Bodie’s forthcoming excellent article here, and madisonian’s own Brett Frischmann here) about the “whither traditional casebooks” meme (including wikibook and wikitreatise accoutrements), there’s a bit more kindling for the fire … in James Surowiecki’s latest column for The New Yorker.
A juicy bit:
Yet even when a professor assigns an expensive textbook, students are remarkably good at gaming the cycle of revisions. For instance, the economists Austan Goolsbee and Judith Chevalier, in a study of more than a thousand colleges, found that the year before a textbook is revised new-book sales drop sharply. Thatâ€™s because a textbook in its final year is significantly less valuable, since you wonâ€™t be able to resell it.
As folks say, read the whole thing!
(Hat tip to Tyler Cowen at Marginal Revolution.)