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The "Wizard of Oz" as a Monetary Allegory

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  • Rockoff, Hugh

Abstract

The Wonderful Wizard of Oz, perhaps America's favorite children's story, is also an informed comment on the battle over free silver in the 1890s. The characters in the story represent real figures, such as William Jennings Bryan. This paper interprets the allegory of economists and economic historians, illuminating a number of elements left unexplained by critics concerned with the politics of the allegory. It also reexamines Bryan and the case for free silver. Far from being monetary cranks, the advocates of free silver had a strong argument on both theoretical and empirical grounds. Copyright 1990 by University of Chicago Press.

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Bibliographic Info

Article provided by University of Chicago Press in its journal Journal of Political Economy.

Volume (Year): 98 (1990)
Issue (Month): 4 (August)
Pages: 739-60

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Handle: RePEc:ucp:jpolec:v:98:y:1990:i:4:p:739-60

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Web page: http://www.journals.uchicago.edu/JPE/

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Cited by:
  1. Avichai Snir & Daniel Levy, 2005. "Popular Perceptions and Political Economy in the Contrived World of Harry Potter," Working Papers 2005-05, Bar-Ilan University, Department of Economics.
  2. Kevin H. O'Rourke & Alan M. Taylor, 2013. "Cross of Euros," Journal of Economic Perspectives, American Economic Association, vol. 27(3), pages 167-92, Summer.

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