On Speed of Publication by Carl Packman
Carl Packman discusses the speed of publication with Palgrave Pivot.
Researching into areas of current interest, as I do, can sometimes be a double-edged sword: on one side I can generate attention to my work from colleagues and the mainstream press which helps to build a profile for myself and attract potential partnerships for future work.
However on the other side, because I deal with an area of financial research that is very contemporary and doesn’t look like it will disappear any time soon, it is very difficult to decide when the right time is to publish something.
Unlike with other areas of research there is no obvious time to stop, reflect, and draw on lessons that will be relevant for years to come.
Once upon a time, writing books on contemporary finance trends would have been very difficult indeed: not only are you trying to look at what the lessons are, you are also trying to second-guess the lifespan of your subject. If I set the ball rolling now for a publishing deal, one might ask, will the subject on which I am researching change significantly and be out of date by the time it hits shelves?
What I found most appealing about the Palgrave Pivot program is that the time between writing and publication is greatly reduced. No longer am I worried that the world will change beyond recognition between submission and printing.
With Palgrave Pivot I can be sure that if I write a book on a subject of contemporary relevance, when the publication is released it still feeds into the current debate; no vital time is lost.
This doesn’t mean that your work cannot have longevity. But any researcher has to ask themselves: do I want my work to look at the history of a subject, or do I want it to bring about change now?
There is also the issue with niche subjects. With predatory consumer finance – the specific area I research - I hope in time its worst excesses disappear completely. But while, set against mainstream finance more broadly, the subject looks very specific and targeted to a small audience, I still feel it is very important and shines a light on a very controversial part of modern finance and, indeed, modern society in general.
Finding a publisher willing to take on an area considered niche is very important: it means that future research does not exclude subjects that are perhaps time-specific or local.
Research departments in universities are always reflecting inwards and with budgetary constraints niche areas are always the first in the firing line. Having an outlet, however, that recognises their importance gives researchers a better chance of demonstrating their worth.
Of course the Palgrave Pivot program also helps researchers of tomorrow. When researching for my book I went to great lengths bringing together secondary sources and aligning them with my own work.
To that end Payday Lending is more than just a reflection of my own thinking but a collation of previous thinking on a specific problem in finance. Anyone wishing to research the area of predatory finance in the future will hopefully benefit from the work I’ve done looking at the attitudes and theories of those whose work precedes mine.