This short academic paper [PDF] by Daniel Loucks (professor of civil engineering at Cornell) gives a good view of how water managers (usually engineers) are made. It also, unintentionally, highlights how those managers are myopic to issues of economics and human behavior.
To give you an idea of what these "future water resource managers" are learning, note that "manage(r/ment)" and "plan(ner/ing)" appear 52 and 21 times, respectively, in the 4 page piece. The words "price" and "market" do not appear in the text. This is how command and control water managers are made.
Here are some more (snarky? perceptive?) comments on the text:
Currently the world’s water resource systems are not able to provide everyone reliable potable water at reasonable costs. Why is this? Because prices set on cost lead to demand that exceeds supply. (He also displaces responsibility for this from water managers to "the world’s water resource systems" -- who is it/they?)
This has prompted the well-known concept called the hydro-illogical cycle illustrating the lack of interest in planning for floods during periods of drought, or in planning for droughts when experiencing a flood. I like this observation. How to solve the problem? Do not plan or manage -- set up a system that automatically adjusts to hydrological conditions, i.e., a market. (Ever notice how umbrella salesmen are all around when it starts to rain?)
Engineers, economists, and ecologists especially need to appreciate each other’s approaches to problem solving. Yes, I like this. Unfortunately, this idea is buried in an avalanche of plan, design, manage, etc. terms that only an engineer could love.
Bottom Line: People are not passive widgets in a schematic diagram. They regularly move around it, tear it up and add new connections. Water managers need to take more classes in economics, politics, psychology, sociology and ecology. If not, we will continue to see hydro-illogical policies and outcomes.