When he died, Emerson was thought of as the representative American writer par excellence, and his point of view was still so potent that William James was honored to be asked to speak at a centenary celebration.
I really, really thought that it was a no-brainer in terms of being a hit. And so it does surprise that that hasn't been the manifested reception of it so far.
No I don't think it was a myth at all, anymore than what the recession that the whole country was experiencing was a myth, which obviously seems like it's going to get worse and worse.