What Price Should it Be?
28-Dec-92 18:17:46
Sb: #34872-What Price Should it Be?
Fm: Tim Ennis 72120,2224
To: JAN SCHWENK 70053,1702
Jan,
Great thread on Cd pricing and the OED!
I think your flaming the publishers of the OED a much. I expect that there
price will come down eventually. After all if you remember, for many years
the miniature version was given away as a gift to join the book of the month
club. Therefore the effective market price couldn't have been more than $15.
I am impressed that the publisher moved quickly to replace the original CD
version with a much improved new version in terms of seach engine and ease of
use.
The OED is a unique product and in terms of competition now it is its own
competitor. That is if you don't want to pay up for the CD you can buy the
miniature version or go to the library and look at the multivolume edition.
Also are you aware that the OED is available on a worldwide computer network.
I have instant access to th OED now at the office through a dedicated
Financial Market news service called Bloomberg Financial News that I use at
the office. I can also access the network by modem from home. I had suggested
that the OED might be available on Compuserve, but it seems some people were
afraid of the connect time charges.
BTW, I think the time frame of the people at the OED is a bit longer than
other publishers. Afterall, the second edition of the OED took about 50 years
to complete. The original editor Sir James Murray labored from 1885 until his
death in 1915 and had only completed about half. As to the profit motive, the
OED was nothing if not a labor of love. Most of the word compilers were
amateurs who were paid nothing and funding was always limited as it was by no
means certain the project could be completed. I you're interested in this
background, you should read "Caught in the Web of Words", which is the story
of Murray and the OED.
My understanding is that the publisher intends to update the OED on a regular
basis, now that computers make that possible. Therfore it could be possible
to price it so that for $750 you get all future updates free, while at $150
it costs $50 each year for an update. Tim