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A textbook is a comprehensive compilation of content within a specific branch of study. Its primary purpose is to explain a subject to learners and educators. These books serve students in formal classrooms and independent learners outside of school. While many people recognize them as physical books, they are also available in digital formats.

Afghan textbooks in Pashto
Afghan textbooks in Pashto

Today, textbooks can take many forms, ranging from traditional print to electronic books, or e-books.

The history of organized learning materials stretches back to ancient civilizations. For example, the Ancient Greeks produced various educational texts. Before the Greek alphabet was created 2,500 years ago, people relied on oral tradition. Knowledge and stories were recited aloud, much like the epic poems of Homer. This changed when writing technology emerged. The philosopher Socrates actually feared this shift. He worried that the ability to write things down would weaken the mental capacity of people to memorize and retell information.

A massive revolution occurred in the 15th century with the invention of the printing press. This technology is attributed to Johannes Gutenberg, a German metalsmith. He used a melted metal alloy to cast type in molds. He also constructed a wooden-screw printing press to transfer images onto paper. In the 1450s, Gutenberg produced the Gutenberg Bible, a large-scale Latin translation of religious texts. This invention allowed for the mass production of books for the first time. By the 16th century, printed books became less costly and more accessible across European trade routes. During this same era, Peter Ramus published a textbook in France that used headings and summaries to help anyone study.

As compulsory education grew in Europe, the demand for schoolbooks increased significantly. By the 19th century, textbooks became the primary teaching instrument for most children. In the United States, specific books like the New England Primer and the McGuffey Readers held great historical significance. In the modern era, technology has introduced new ways to interact with information. Students now use online tutoring systems, video lectures, and digital e-books. For example, the book "Principles of Biology" from Nature Publishing is an example of an e-book. Additionally, many authors now use creative commons or open licenses to share their work.

The textbook industry functions as a specific type of market. In the United States, the market is dominated by a few major providers. Four companies—Pearson Education, Cengage, McGraw-Hill Education, and Wiley—control 90% of the market revenue. Other notable publishers include Houghton Mifflin Harcourt. Economists have noted that this market does not always follow classic supply and demand rules. This is due to what are called agency problems. Because of these factors, some economists have even described the situation as a "broken market."

One common practice in the industry is called bundling. This involves shrink-wrapping a textbook with supplemental items like workbooks, CD-ROMs, or online passcodes.

Students often cannot purchase these extra items separately. This practice can increase the cost of a textbook by 10% to 50%. Furthermore, bundling can decrease the resale value of a book because the supplements are often for one-time use. A 2005 report from the Government Accountability Office stated that these supplemental products were a primary cause of rising prices.

Programming language textbooks
Programming language textbooks

Publishers also frequently release new editions every three or four years to maintain revenue. Some studies suggest these new editions often cost 12% more than the previous new edition and 58% more than a used copy.

To manage costs, students often participate in the used book market. They can sell books back to college bookstores, fellow students, or through online retailers. When a student sells a book back to a campus bookstore, the amount they receive depends on faculty decisions. If a professor plans to use the same book again, a bookstore might pay 50% of the original price. However, if the book is not being reused, the bookstore might only offer a wholesale price between 5% and 35% of the retail cost. Some companies have countered the used book market by requiring digital passcodes for homework, which forces students to buy new copies to complete their assignments.

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