Admittedly I work outside academia (though my wife is a tenured professor) and thus have some unavoidable naïveté about how the culture and community work, but I’m always confused about why universities aren’t just sponsoring the organizational costs of coordinating the review process, and establishing community-driven open journals to replace the rent-seeking corporate journals. What am I missing about the benefits…
>What am I missing about the benefits of the status quo keep it so entrenched? The entrenchment is due to perceived (and cultivated) prestige, less so about tangible benefits. Prestigious journals have good brand value, they spend money cultivating it and they extract earnings from it. Researchers and administrators trade on journal brand value for career advancements. They benefit from a highly prestige-stratified j…
In all seriousness, I have always thought that Blockchain could pose a good solution for the issue of peer-reviewing scientific papers. It provides a descentralized infrastructure with "tokens" that can be transferred to provide "prestige" to papers and authors.