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A new submission model—wherein writers must buy a book if they want their work to be considered for publication—is shaking up the literary world.

The publishing industry faces an odd set of supply-demand imbalances. Supply of printed books outstrips demand, which is why remainder tables get piled sky-high, publisher layoffs abound, and author advances have wilted. Supply of writers also outstrips demand for their services, which is why the statistics about getting an agent for your book are so dismal.

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