How much should we be willing to pay for a use?

Doug Johnson, Apr 22, 2014
Commentary by Stephen Downes

Doug Johnson asks, "How do you determine if you are getting your bitcoin's worth of use from a paid resource - whether it is a reference source, full-text database, e-book subscription, or set of teaching products?" That's a tough question. It's harder because value changes with format - and with use. I remember the World Book fondly because I read the multiple volumes cover-to-cover while I was in high school. Infinitely valuable! But if it's just a reference library, costing 70 cents a search, it's not nearly the same. $5K for an annual subscription seems like a lot (it's way more than the paper copies on the shelf in the library could have cost). Why not just use Wikipedia (or better - have the students create their own encyclopedia using Wikipedia and other sources)?

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