Comment Re:Information wants to be free (Score 4, Interesting) 128
...but how do you pay for the Journal?
What is there to pay for?
- the authors are academics that are being paid from a grant or by their employer -- they're not being paid by the journal;
- the authors typeset their paper themselves, using TeX or a word processor;
- the reviewers are fellow academics, who are not paid by the journal (they're usually anonymous, so they don't even receive kudos for their work);
- discussion happens mostly over e-mail, which is already paid for.
So what remains is the salary of the editor and some administrative overhead, which should not be too onerous for even a minor institution.