Editors' note: On rent extraction in academic publishing and its alternatives

Authors

• Tuomas Tammisto University of Helsinki https://orcid.org/0000-0001-9767-7832
• Heikki Wilenius https://orcid.org/0000-0003-4601-2392

DOI:

https://doi.org/10.30676/jfas.127230

Abstract

In this editorial we introduce new members of our editorial team and the contents of this issue. In addition we discuss open access developments of the journal, namely our new license policy, which allows authors to choose a Creative Common license that best suits their needs or the requirements of their funders. This change in licenses makes our journal also compliant with the Plan S programme, which several large European research funders have signed, in order to promote open access publishing. We support such initiatives, but note that they are designed mainly to push large commercial publishers to publish publicly funded research in open access. While the Plan S is a welcome program, commercial for-profit publishers charge exorbitant charges for open access, usually paid for by the researchers' institutions. We note that these charges are a form of rent extraction, which produces little added value, as the commercial publishers rely on the free labor of researchers and publicly funded research to fill their journals' pages. More so, due to these charges the public ends up paying again for the research it funded in the first place. We argue that public support for both institutional and independent non-profit open access publishing is a socially more just and sustainable model.