Are Academic Journals Obsolete?

[Steve]

Writing "Surely there is a better way," eggy78 asks "With the ability to get information anywhere in the world in seconds, and the virtually immediate obsolescence of any printed work, why are journals such an important part of academic research? Many of these journals take two or more years to print an article after it has been submitted, and the information is very difficult (or expensive) to obtain. Does this hinder technological advancement? There are certainly other venues for peer review, so why journals? What do they offer our society? Are they just a way to evaluate the productivity of professors?"http://slashdot.org/slashdot-it.pl?f.../06/08/2132254
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