If a professor who makes $75,000 a year spends five years on a book on Charles Dickens (which sold 43 copies to individuals and 250 copies to libraries, the library copies averaging only two checkouts in the six years after its publication), the university paid $125,000 for its production. Certainly that money could have gone toward a more effective appreciation of that professor’s expertise and talent. We can no longer pretend, too, that studies of Emily Dickinson are as needed today, after three decades have produced 2,007 items on the poet, as they were in 1965, when the previous three decades had produced only 233.
— The Research Bust - The Chronicle Review - The Chronicle of Higher Education