Unfortunately, while reading the book reviews in the New York Times this morning I saw Alexandra Jacobs review of David McWilliams The History of Money: A Story of Humanity and discovered that he is promoting the story the old story that L. Frank Baum's The Wonderful Wizard of Oz was written as an allegory about the politics of money in the nineteenth century.
It was not.
My argument for why you should not believe that it was written as a monetary allegory is presented in
Hansen, Bradley A. "The fable of the allegory: The Wizard of Oz in economics." The Journal of Economic Education 33, no. 3 (2002): 254-264.
If you do not have access to it but would like to read it, just email me at bhansen@umw.edu.
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