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Theory of International Politics
I was talking to an international relations grad student last week, and he told me that what I was saying was (a) old hat, and (b) deeply confused, and that if I wanted to at least put together a less confused version of my old hat idea I ought to read Kenneth Walz's Theory of International Politics. So I looked it up on Amazon.com and was ready buy it until I saw that it costs over seventy dollars. Today, Henry Farrell posts on the subject of the work's extraordinary price, offering what strikes me as the rather naive remark: "It's not so expensive because there's low demand - every graduate student in international relations has to read it."
There's the rub. One unfortunate fact of life is that it's often all-but-impossible for a lay person to read books that are considered "must reads" among academics precisely because graduate students literally must read them, creating an inelastic demand curve and sky-high prices that send those of us without access to a university library system scurrying to pick up something else. On a related note, I see that my uncle Paul has produced a textbook priced at an astounding $410.00 -- just $328 used! -- showing that economists know how to price-gouge better than weak-kneed political scientists (though perhaps Professor Walz is just demonstrated strategic restraint).
December 3, 2004 | Permalink
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» Sticker shock from Crooked Timber
Dan Drezner recommends Kenneth Waltz’s Man, The State and War as one of his December books of the month. This reminds me of something that I’ve always been curious about - the eyepopping price of Waltz’s even more influential Theory... [Read More]
Tracked on Dec 3, 2004 12:26:53 PM
» Kenny Boy from Lawyers, Guns and Money
I used to be an international relations grad student, and my advice to Matt would be not to touch Theory of International Politics unless he plans on taking a similarly disastrous path with the rest of his life. I'm kind of curious who suggested TIP;... [Read More]
Tracked on Dec 3, 2004 5:09:56 PM
Comments
I work in a university bookstore off and on, and it sometimes seem like a semi-criminal operation, milking a captive audience which, where I work, is mostly unprosperous people who are struggling to get an education.
I believe that Paul Samuelson pioneered the ploy of putting out a new edition of his intro text every two years. Basic economics doesn't change that fast. I also worked in a medical bookstore where I felt the fequent updates were justified -- we only had about ten books in the store more than about five years old.
Harvard Business school put out a series of unbound 20 page pamphlets for about $10 each, IIRC. They're experts at markup, I guess.
Posted by: John Emerson | Dec 3, 2004 11:33:12 AM
Well, you can wait until the price comes down, but then it will be (a) old hat, and (b) deeply confused. It kind of reminds me of the fashion biz.
Posted by: Dick Durata | Dec 3, 2004 11:35:39 AM
And the best part of the Samuelson story is that he cover had stripes, and the stripes changed orientation with new editions so people could see that you had an old edition from across the room!
Posted by: David Margolies | Dec 3, 2004 11:37:28 AM
But you can get it for $50, used, read it, and immediately sell it again for not much less.
I recall my college days; Some of the profs had cut a deal with an electronics firm to sell parts kits for our logic lab projects, at WAY below retail. The campus book store responded by going to the administration, and forcing the kits to be sold through them, at such a huge markup that it was almost cheaper to visit Radio Shack.
Posted by: Brett Bellmore | Dec 3, 2004 11:38:21 AM
Selling textbooks at a high price is less relevent now that so many kids buy the books online.
Posted by: Dan the Man | Dec 3, 2004 11:56:45 AM
Maybe I'm dense, but whatever happened to libraries? The savings incurred vis-a-vis purchasing = $70 - $0 = $70. Now that's an inelastic supply curve. Or something.
Posted by: Martin | Dec 3, 2004 11:56:55 AM
Martin, generally it's much more difficult to find college-type textbooks at a normal public library than at a university library. At our public library, we do have a system called interlibrary load which allows patrons to get books they don't have by borrowing the book from a different library.
Posted by: Dan the Man | Dec 3, 2004 12:00:51 PM
Actually your uncle's book looks to be more of a referrence type than an actual text. Meaning that the market will be academic libraries, you know the ones forced to pay $1500 for their subscriptions to academic journals?
Posted by: Rob | Dec 3, 2004 12:01:50 PM
I would have thought your elitist DC political commentator would have a ticket for the Georgetown library or some such...
Posted by: Otto | Dec 3, 2004 12:01:57 PM
I see that my uncle Paul has produced a textbook priced at an astounding $410.00 -- just $328 used!
Yes, but I'm sure it's quite the page turner.
$410 for a doorstop or non-medical sleeping aid just doesn't seem right.
Posted by: SoCalJustice | Dec 3, 2004 12:03:41 PM
This is why Wittgenstein's Philosophical Investigations are so overpriced, and an excellent argument for studying only dead philosophers/theorists whose works are in the public domain.
Posted by: Anderson | Dec 3, 2004 12:03:56 PM
You could always just buy Robert Keohane's Neorealism and Its Critics. It's much cheaper, and in addition to 4 of Waltz's chapters from Theory (reprinted) you get a wide variety of theoretical responses to Waltz's work in that book (if by chance you, like Tom Townsend in Metropolitan, find it more useful to read the criticism of a work than the work itself).
Posted by: ScottC | Dec 3, 2004 12:16:01 PM
Anybody know anything about piracy in college textbooks? Are these being typed or scanned into files and distributed surreptitiously? And why can't these be made available in electronic form?
Anybody else into editing or publishing? If your average recent hardbound fiction cost $30, anything technical with charts, graphs, photographs should cost twice as much due to typesetting and advanced formating. I have around 300 Chess books with a cumulative sticker price (I bought most used) of maybe $10k.
Posted by: bob mcmanus | Dec 3, 2004 12:20:42 PM
The vast majority of books by major IR scholars are published by University presses, and cost 20-30 dollars new. The reason TIP is so much more is that Waltz deliberately sought out a textbook publisher for a book that's not really a textbook (although it has functionally become one). He did it, I'm told, becuase Columbia screwed him (or, more likely, he signed a bad contract with Columbia) and he got virtually no royalties for Man, the State and War, which sold tons of copies.
As I mentioned at CT, this isn't the norm for most academic books in IR because such high demand isn't predictable in advance accept in very few cases, so textbook publishers generally won't go near them. Furthermore, most non-superstar academics want their books to have low prices even at the cost of royalties to them, because people reading their book is going to do more for their careers than a few extra dimes in royalties.
Posted by: DJW | Dec 3, 2004 12:23:19 PM
I think the Joskow (and others) book is targeted at libraries rather than graduate students. I'm an economics graduate student, and I've rarely had to go above $100 (if ever) on a textbook. What I've paid is more in line with the Walz book. The Joskow book is one that you go to the library for, not buy yourself.
Posted by: kevin | Dec 3, 2004 12:33:39 PM
Libraries seldom carry 20 copies of a book for a class of 20 people. Actually my college library tried to do something like that 40 years ago, but we still had to buy a lot of books.
I heard that there was a big Taiwan medical textbook pirating ring awhile back. For quite awhile Taiwan was outside the copyright convention and all sorts of pirating were flourishing. I got a $120 Joseph Needham book for $10 (1983). They were even pirating obscure philosophers -- a pirate could make a profit on a press run as small as 200, I was told.
Posted by: John Emerson | Dec 3, 2004 12:34:21 PM
You could get it for the bargain price of $53 through Barnes and Noble!!
Or use inter-library loan.
Posted by: Russ | Dec 3, 2004 12:35:00 PM
don't forget the semi-annual "new editions" that foil the efforts of enterprising college students to form effective used textbook swap-pools and allows the campus bookstore to refuse to buy back the book.
the worst things are the "coursepacks" some profs put together. they're just giant copyright-controlled collections of journal articles bound in a crappy plastic spiral, and they cost more than a quality hard-bound book.
Posted by: ben | Dec 3, 2004 12:37:19 PM
Classics like Wittgenstein can be bought second hand for half price and often less. The PI price looks high compared to public-domain books, but doesn't really seem high to me.
Posted by: John Emerson | Dec 3, 2004 12:39:18 PM
One unfortunate fact of life is that it's often all-but-impossible for a lay person to read books that are considered "must reads" among academics precisely because graduate students literally must read them, creating an inelastic demand curve and sky-high prices that send those of us without access to a university library system scurrying to pick up something else.
Who is without a university library system? IME, most universities allow active (that is, association members) alumni to use their library system, and many, particularly public, universities allow the general public to purchase, for a reasonable fee, borrowing privileges.
Plus, $70 is hardly a vast sum of money for a significant work in a field of interest (which, from your blog postings, international relations seems to be for you) for a "elitist technocrat".
Further, if its a widely used book, you can probably go to a college bookstore -- or off-campus bookstore (or general used bookstore) near a college -- and get a lightly used copy for significantly less. Or you could go through Amazon.com and get it used for around $50-55.
Then again, I'd be somewhat surprised if you couldn't get it through a public library system in a big city, too.
Posted by: cmdicely | Dec 3, 2004 12:42:20 PM
http://globetrotter.berkeley.edu/people3/Waltz/waltz-con0.html
Here's a link that gives a good deal of what Waltz has to say.
He's long on the point that unipolar/bipolar/multipolar worlds differ greatly, and that a unipolar world is defined by unchecked power. It's not so much that America is evil as that it is unaccountable. Our foreign policy problem--better, the problem we constitute for the rest of the world--reminds one of Madison on domestic politics, Federalist 51.
He also stresses that we're immensely more secure than we feel and act. To someone frightened by the fearsome threats emanating from Iraq, he pointed to the immense disparity in GDP and military expenditures between them and us.
Your interlocuter was quite right, no one can begin to understand international politics without coming to grips with Waltz.
His earlier Man, the State, and War, is available for about twelve bucks.
And,yes, there are libraries, and interlibarry loans.
Posted by: Librarian | Dec 3, 2004 1:41:54 PM
One unfortunate fact of life is that it's often all-but-impossible for a lay person to read books that are considered "must reads" among academics precisely because graduate students literally must read them, creating an inelastic demand curve and sky-high prices that send those of us without access to a university library system scurrying to pick up something else.You might want to try this amazing place in your neighborhood called a "library". At the "reference desk" a person called a "reference librarian" will introduce you to the wonders of "interlibrary loan".Admittedly, it helps if you come in with a printout showing where the book is available. Most public university libraries have public on-line catalogs; for example the University of Kansas is a good source for aviation books. Takes a little while to get them to your local library though ;-)Cranky
Posted by: Cranky Observer | Dec 3, 2004 1:43:40 PM
Waltz's book is easier to find if you spell his name right. Best I could find using bookfinder.com, though, was $50.
I am like Matt in preferring to own books of any importance. In cases like this I get it at a library and photocopy it, if I can't afford to buy. I don't know what the fair-use laws are, and I don't really want to know.
Rachelwitz's 2-vol "Secret History of the Mongols", which sums up 100 years of research by dozens of scholars, went for ~$220. It's really essential for anyone in the field, and I doubt the local library has it. Dutch puplishers, which this one was, are especially bad.
Posted by: John Emerson | Dec 3, 2004 1:53:15 PM
While public and university libraries are a great solution to this problem for people who are no longer going to school, they are absolutely useless to college students. In extreme cases, I have been in 400 student GE lectures where only 4 copies of the textbook are available in the library - so they were never available to be read. In smaller non-GE lectures, it is critical to own the textbooks yourself so that you can bring them with you to class for discussions and for writing papers at your computer (because books on reserve cannot be taken out of university libraries).
The Public Interest group CALPIRG released a scathing report on textbook industry price-gouging recently that I highly recommend:
http://www.calpirg.org/reports/textbookripoff.pdf
Most student incur some, if not all of the cost of our educations. With the current college student fee hikes sweeping the country, we are more strapped for cash than ever. We study hard and we work long hours at minimum wage jobs to help defray the cost of things like textbooks. As of now, it takes two months of hard work at one of these jobs just to pay for one quarter's worth of books. The situation has gotten out of hand.
Posted by: mike | Dec 3, 2004 2:15:32 PM
You think you've got it bad, you should try being in a scientific or health care program. The prices are astronomical. $100 and up is routine. (I'm in a graduate nursing program, so I know.)
Posted by: Rebecca Allen, PhD | Dec 3, 2004 2:25:28 PM

