Criticism and Controversies
In recent years the subscription rates charged by the company for its journals have been criticised; some very large journals (those with more than 5000 articles) charge subscription prices as high as $14,000, far above average. The company has been criticised not only by advocates of a switch to the open-access publication model, but also by universities whose library budgets make it difficult for them to afford current journal prices. For example, a resolution by Stanford University's senate singled out Elsevier's journals as among those which might be "disproportionately expensive compared to their educational and research value" and which librarians should consider dropping, and encouraged its faculty "not to contribute articles or editorial or review efforts to publishers and journals that engage in exploitive or exorbitant pricing". Similar guidelines and criticism of Elsevier's pricing policies have been passed by the University of California, Harvard University and Duke University. The elevated pricing of field journals in economics, most of which are published by Elsevier, was one of the motivations that moved the American Economic Association to launch the American Economic Journal in 2009.
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