Here is a thesis that refutes that pretty common narrative https://digitalcommons.colby.edu/cgi/viewcontent.cgi?article=1281&context=honorstheses https://digita

Here is a thesis that refutes that pretty common narrative https://digitalcommons.colby.edu/cgi/viewcontent.cgi?article=1281&context=honorstheses https://digitalcommons.colby.edu/cgi/viewcontent.cgi?article... Particularly interesting to me is that a) American publishing early on consisted mostly of reprinting foreign hits due to lax copyright b) the 1920s golden age was largely accounted to by macroeconomic trends c) in the 40s publishers got by printing hits for the overseas military and d) even the “modern” publishing industry born in the 50s was subsidized by commercial hits.