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

Bradley A. Hansen

The Journal of Economic Education, 2002, vol. 33, issue 3, 254-264

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.

Date: 2002
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DOI: 10.1080/00220480209595190

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