productivity miracle or workhouse?

[Brad De Long]

>
>Nobody ever said that intellectual property was not useful.  Why 
>does JSTOR charge
so much?  Wouldn't it be nice if everbody had access to it?

The people who run it are in the cost-allocation business, not the 
maximizing-utility business.

There is a push to get jstor access for every AEA member. Dale 
Jorgenson heads a committee. Rumors are that Jorgenson will this 
spring recommend that the AEA purchase jstor access for its members 
for $15 a year each--but that if more than 2,500 sign up, then the 
AEA will get a volume discount and everyone will get their own 
personal userid/passwd.

But I haven't talked to anyone on the AEA executive committee about 
this: this is a third-hand rumor...

Brad DeLong