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U.S. PIRG Consumer Blog
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October 17, 2007
Governor Schwarzenegger terminates textbook proposal before it starts
Here's a release -- Gov. Schwarzenegger vetoes the College Textbook Affordability Act -- from CALPIRG's Nicole Allen condemning the veto of a bill that would have lowered the price of textbooks by California Governor Arnold Schwarzenegger (his veto message). From CALPIRG: It has been clearly documented many times over that the textbook market is a broken market. The person who orders the book (faculty) is not the same person who buys the book (students). Therefore, the cost of a textbook is not the primary factor during the purchasing process. Publishers, cynically aware of the immense market power this gives them, respond by withholding the price of textbooks. As has now been clearly documented by a rigorous study released by CALPIRG, 77% of faculty report that publishers rarely or never report the price of a book during sales interactions. For more information, see the latest report in our maketextbooksaffordable.org campaign.
Posted by Ed Mierzwinski at October 17, 2007 06:31 AM
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