Most important, the fall in college revenue points...

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Most important, the fall in college revenue points to a worrying trend – the refusal to pay $100+ for a huge textbook or reading list. Arguably, these textbooks are worth that much or more if you consider the R&D costs, but new resources are available to nearly everyone and it is so easy for a professor to write his or her own book, made up of class notes, excerpts, and essays, that there is little reason to depend on Houghton Mifflin Harcourt or whatever they call themselves now.