[GOAL] Predatory publishing - 'non profit'

[Gavin Moodie]

At least in Anglo-USA law a for profit organisation is one which is
authorised to distribute surpluses to its owners, whereas a 'non profit'
organisation is not so authorised and must allocate any surplus to the
purposes for which it was established.

Thus a '(non) profit' organisation is not defined by whether it generates
profits, but by its ability to allocate any profit.

Gavin


Gavin Moodie, PhD
Adjunct Professor in the Department of Leadership, Higher, and Adult
Education
OISE, University of Toronto

Adjunct professor of education at RMIT University, Australia

22 Sussex Avenue
Toronto, ON, M5S 1J5
Canada
Mobile +1 416 806 3597
gavin.moodie at rmit.edu.au
http://rmit.academia.edu/GavinMoodie

On Thu, Sep 10, 2015 at 8:52 AM, Graham Triggs <grahamtriggs at gmail.com>
wrote:

> On 10/09/2015 11:37:02, Nicolas Pettiaux <nicolas at pettiaux.be> wrote:
>
> What about the idea : research published only non profit OA journals
> should be taken into account.
>
> Wouldn't this push the predatory OA journals by competition out of
> business ?
>
> Well, first, try and define what your criteria for a "non profit" OA
> journal is.
> Even a genuine declared non-profit journal would run profits in some
> years, due to the need to potentially cover shortfalls in others. The
> reality is you would be aiming for a modest profit, which would then be
> subsequently re-invested in future years.
> But regardless of your criteria, profit is just income - costs... and it
> would be fairly easy for a "predatory" journal to hide it's profit by
> paying another company some vastly inflated sum for a bunch of services.
> The journal isn't making any money itself, but it all flows through the
> chain.
> G
>
>
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