The Fable of the Allegory: The Wizard of Oz in Economics

Bradley A. Hansen

21 citations0/0 files storedThe Journal of Economic Education

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Themes in Literature Analysis American Literature and Culture Politics, Economics, and Education Policy

Abstract

L. Frank Baum's The Wonderful Wizard of Oz has become popular as a teaching tool in economics. It has been argued that it was written as an allegory of Populist demands for a bimetallic monetary system in the late 19th century. The author argues that Baum was not sympathetic to Populist views and did not write the story as a monetary allegory.

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1988Reconstruction: America's unfinished revolution, 1863-1877 1989Reconstruction: America's Unfinished Revolution, 1863-1877 1994Land of Desire: Merchants, Power, and the Rise of a New American Culture.1983Principles of economics 1990The Crime of 1873 1997Goldbugs and Greenbacks 1964The Wizard of Oz: Parable on Populism 1999Goldbugs and Greenbacks: The Antimonopoly Tradition and the Politics of Finance in America

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