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

Bradley A. Hansen
The Journal of Economic Education
Vol. 33, No. 3 (Summer, 2002), pp. 254-264
Published by: Taylor & Francis, Ltd.
Stable URL: http://www.jstor.org/stable/1183440
Page Count: 11
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The Fable of the Allegory: The Wizard of Oz in Economics
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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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