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


  • Ranjit S. Dighe


Although recent research strongly suggests that L. Frank Baum did not write The Wonderful Wizard of Oz as a monetary or political allegory, the Populist-parable interpretation of his book remains a tremendous teaching tool in economics classes. The author offers some background on the rise and fall of the Populist interpretation, in recognition of students' natural curiosity about Baum's intentions. He also offers a classroom-ready version of the parable that synthesizes several different versions of that interpretation.

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  • Ranjit S. Dighe, 2007. "The Fable of the Allegory: The Wizard of Oz in Economics: Comment," The Journal of Economic Education, Taylor & Francis Journals, vol. 38(3), pages 318-324, July.
  • Handle: RePEc:taf:jeduce:v:38:y:2007:i:3:p:318-324 DOI: 10.3200/JECE.38.3.318-324

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    References listed on IDEAS

    1. Long, John B, Jr & Plosser, Charles I, 1983. "Real Business Cycles," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 39-69, February.
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    Cited by:

    1. Cecil E. Bohanon & Michelle Albert Vachris, 2011. "Economics and Literature: The Gains from Trade," Chapters,in: International Handbook on Teaching and Learning Economics, chapter 21 Edward Elgar Publishing.

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