 Online Learning Update Ray Schroeder, editor, COLRS - Online@Illinois SpringfieldOnline Learning Update - a blog published daily since 2001 by Ray Schroeder, Professor Emeritus, University of Illinois at Springfield |
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Thursday, October 23, 2003
Students Find $100 Textbooks Cost $50, Purchased Overseas [or online] - TAMAR LEWIN, NY Times
Richard Sarkis and David Kinsley were juniors at Williams College, surfing the net for a cheap source for their economics textbook, when they discovered a little known economic fact: the very same college textbooks used in the United States sell for half price — or less — in England.... But thanks to the Internet, more and more individual students and college bookstores are starting to order textbooks from abroad — and a few entrepreneurs, including Mr. Sarkis and his friends, have begun what are essentially arbitrage businesses to exploit the price differentials.
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