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The cost of doing nothing is the cost of knowledge.
Ten people state on The Cost of Knowledge website that they've resigned as editors of high-profit journals.
Gowers emailed me to discuss some details of the site, and The Cost of Knowledge launched the next day.
One way to approach the design of an information system is to consider the cost of knowledge.
The chapter explores both of these and the economics of cognition and the cognitive cost of knowledge.
Taking a step back, it's clear that the pricing and legal questions officially raised by The Cost of Knowledge about Elsevier are just a few symptoms of a larger problem.
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To keep the costs of knowledge transfer low, they considered trying to codify the acquired know-how.
With TRIPS, at least, these countries obtained side payments (in the form of trade concessions) to offset the rising costs of knowledge products.
The cultural orientation of the new ventures may be expected to influence the type of their externalization initiatives, and the opportunities, benefits, and costs of knowledge absorption and innovation.
In his book Postcapitalism: A Guide to Our Future, British economics journalist Paul Mason theorises that information technology is paving the way for the emancipation of labour by reducing the costs of knowledge production and potentially other kinds of production that will be transformed by AI, blockchain, and so on to zero.
As in the Ricardian model, this opportunity cost can be expressed in terms of effort requirements: begin{aligned} OC_{B,C}^{i}=left( frac{e_{B}}{e_{C}}right) _{i}equiv left( frac{a_{C}}{a_{B}}right) _{i} end{aligned} (1 where (OC_{B,C}^{i}) denotes the opportunity cost of abstract knowledge in terms of contextualised knowledge for student i.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com