The title of this presentation is listed in the official program as "The Economics of Automated Circulation." A more accurate title might be "The Economics of Automated Circulation the OSU Experience."Theadded subtitle is important because it is my intent to limit discussion to cost factors involved with the development and maintenance of LCS at The Ohio State University (OSU). LCS originally stood for Library Circulation System, but has subsequently come to mean Library Control System. The purpose of this paper is not to justify the sizable monetary expenditures which were, and are, necessary to develop and maintain LCS, but rather to state as accurately as possible how much the system costs (both historically and currently), and...