In my professional area of medical education there is clear market failure. Publishers are simply unable or choose not to, to develop what we need. And the institutions — universities — despite their origins have simply looked the other way, ignoring the needs (and wants) of their students. And do not get me started on “lecture recording”.
The quote below is a great article on some of the economics of book publishing: it is about a cookbook. And why not?
One of the most opaque industries around is publishing, not here online, but good old-fashioned print-books and their digital and audio spin-offs. Poke around and try to find some hard sales numbers and you’ll quickly find that it’s near impossible to do so. You can find bestseller lists from reputable sources like the NYTimes, Amazon and others but tying those rankings to an actual number of books sold at retail is simply not doable. Publishing costs, deals, and profit lines are even harder to shake loose.
“Why We Are Self Publishing the Aviary Cookbook – Lessons From the Alinea Book”. Real numbers from the opaque world of cookbook publishing. [Link]
And if you want insights into the research publishing business, here is a link to a great article that appeared in 2017 on this topic by Stephen Buranyi. Mind you, I almost have a sneaking admiration for some of the crooks: foxes in the henhouse.