For those that have heard, it seems that Elsevier is getting its hands on one of the largest open source feeds in the social sciences. This, recall, is the same publisher that saw a defection of the Lingua editorial board. At any rate, it seems that Elsevier is at it again. They have just acquired SSRN (here, here and here). The
Elsevier claims that it will leave everything as it is. The reaction to this is, at best, wary and skeptical. At any rate, you might want to take a look and weigh in on the pros and cons.
To help the debate along, I found a pretty good defense of the value added that big publishers bring to the scholarly enterprise (see here). So, even if Elsevier does overcharge and make obscene profits from what is largely the counter work of others, maybe they do provide a useful service or two. Take a look.