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

  title={The Fable of the Allegory: The Wizard of Oz in Economics},
  author={Bradley A. Hansen},
  journal={The Journal of Economic Education},
  pages={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. 
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Τhe children’s fairy tale The Wonderful Wizard of Oz was written by L. Frank Baum in 1900 and illustrated by W. W. Denslow. It has been reprinted numerous times since then, most often under the name
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