[Review of] Eric Wertheimer. Imagined Empires: Incas, Aztecs, and the New World of American Literature

Eric Wertheimer convincingly argues that inaccuracy and omission in historical narratives made an indelible mark on American identity in the eighteenth and nineteenth centuries. The ethnic diversity of America, even though sparingly portrayed in the historical writing of the time, also had an important effect on American identity. Wertheimer concludes that while American identity has a public concept, individuals determine the real meaning in private spheres. He examines five Anglo, male authors (Philip Freneau, Joel Barlow, William Prescott, Herman Melville, and Walt Whitman) to ascertain what they thought of as American history and who should be represented in it. These authors incorporated the glorious civilizations of the Incas and Aztecs to draw upon their republican precepts and counterbalance the United States against the imperial nations of Great Britain and Spain; however they erased these indigenous groups when the problem of race crept into the American identity and when the United States began pursuing its own expansionist doctrines of Manifest Destiny and the Monroe Doctrine (which resulted in the less than justifiable Mexican American War and annexation of Texas). Wertheimer argues that Melville was only one among the five to highlight the humanity of the vanquished, although Whitman should be included as well. Melville included the subaltern perspective through the use of silence as a means of their resistance. Melville along with Whitman did not allow glorification of the past to eclipse the reality of the agents and specifically the suffering of the victims

Emerging Markets in Water: A Comparative Institutional Analysis of the Central Valley and Colorado-Big Thompson Projects

Water trading is a potential means to improve the productivity of developed water supplies and reconcile competing uses. Economic theory suggests that markets evolve in response to changes in supply and demand. This prediction is at odds with observed disparities in the pace of market development in regions facing similar pressures on scarce water resources. A dramatic example of this disparity is found in the regions served by the California Central Valley Project and the Colorado-Big Thompson Project.This article argues that the differences in market activity in the two areas can be explained largely by the underlying water allocation institutions. The article identifies key institutional features that affect the transaction costs of water trading and examines the rootsof the institutional diferences. The institutions governing market transactions today are largely a function of pre-existing property rights and political battles to build consensus and obtain federal financing for the projects. The article highlights the path-dependent nature of water allocation institutions and trading, but also suggests that complex inter-regional markets could still develop in California given ever-increasing competition for scarce water resources and advances in information technology that lower market transaction costs