Was Dorothy in Frank Baum’s 1900 children’s novel The Wonderful Wizard of Oz a Populist “Everyman” who — with William Jennings Bryan (Lion), a farmer (Scarecrow) and an industrial worker (Tin Woodman) — went off to see the Wizard (President) to voice support for the use of silver as currency? Or, more critically, as economists today “fear an onset of deflation, and economic certainties melt away like a drenched wicked witch,” are there lessons to be learned from Oz?
“In 1964, high school teacher Henry Littlefield wrote an article outlining the notion of an underlying allegory in Frank Baum’s book. He said it offered a ‘gentle and friendly’ critique of Populist thinking, and the story could be used to illuminate the late 19th Century to students. . . .
“[Littlefield] believed the characters could represent the personalities and themes of the late 1800s, with Dorothy embodying the everyman American spirit.
“US political historian Quentin Taylor, who supports this interpretation, says: ‘There are too many instances of parallels with the political events of the time.’ . . .
“But not everyone believes The Wonderful Wizard of Oz includes any hidden meanings.
“‘Nobody ever suggested it until 1964,’ says Bradley Hansen, who is a professor of economics at the University of Mary Washington. ‘There’s no solid evidence that Baum had written it as a monetary allegory,’ he adds.”
As for the value of Baum’s book to present-day economists, Taylor agrees that despite the references to late 19th-century economic issues, “little can be learnt from Baum about the modern economic crisis.” (more @ BBC News)
The 'Not-So-Rough' Guide 
Leave a Reply