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

@inproceedings{Hansen2002TheFO,
  title={The Fable of the Allegory: The Wizard of Oz in Economics},
  author={Bradley A. Hansen},
  year={2002}
}
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.