“Ask Your Teachers for a Rebate”

Ian Ayres is a gentleman and a scholar (and a lawyer and an economist). He’s a professor at Yale, and since 2005 has been handing out cash to his students whenever he assigns one of his own books as a required text. That way, he hopes, people will understand that he wants to use his own material because it’s necessary, not because he wants some royalties action.
In addition to explaining the motivation for royalty “disgorgement,” Ayres points out that any college student who’s assigned a text written by their professor is justified in requesting a rebate on the royalties the prof is generating. One more way to decrease the feelings of impotent rage which textbook purchasing tends to bring forth.
Posted by Alexa Harrington
