The last talk I gave at MLA 2012 was a keynote for the Council of Editors of Learned Journals, the text of which is below. I'd love any feedback you might have to offer.-Giving It Away: Sharing and the Future of Scholarly Communication As you might guess from my title, this presentation focuses in large part on questions of open access as they might affect our thinking about the future of scholarly communication. "Open access," I'm sure I don't need to tell you, is a fraught concept among both scholars and publishers, one beset by a lot of misunderstandings, both intentional and unintentional. Arguments circulate out there saying, for instance, that open access will open the floodgates to a lot of bad scholarship, when in fact open access publishing is perfectly compatible with peer review, and there are many OA journals that are more selective than their closed-access counterparts. There are folks who argue that open access is financially unsustainable, or even, as has been suggested by the recent proposal of the Research Works Act in Congress, an unreasonable infringement on publisher income, when in fact a range of new models for open access publishing are coming into being, and several of the major commercial journal publishers have recently announced new OA ventures, which they of course would never do if they hadn't found a business model in it somewhere. On the other hand, there are equally misguided convictions out there that open access publishing is free; clearly that's not so. What I am hoping to do in this talk, however, is to shift our thinking about open access, for the moment, from a focus on costs to a focus on values, though without entirely leaving behind the overwhelming and at times quite grim economic realities by which we're surrounded. To begin, a bit of background: discussions of the possibilities for new open publishing models began online in the early 1990s, as a number of scientists and librarians recognized that the growth of the Internet made possible the free and open reproduction of scholarly literature. This is not to