{"id":11946,"date":"2010-05-18T15:21:24","date_gmt":"2010-05-18T13:21:24","guid":{"rendered":"http:\/\/mono-1en-2677"},"modified":"2026-05-15T22:02:29","modified_gmt":"2026-05-15T20:02:29","slug":"the-yellow-brick-road-as-the-gold-standard-the-wizard-of-oz-as-economic-fable","status":"publish","type":"post","link":"https:\/\/monochrom.at\/blog\/2010\/05\/18\/the-yellow-brick-road-as-the-gold-standard-the-wizard-of-oz-as-economic-fable\/","title":{"rendered":"The Yellow Brick Road as the Gold Standard: The Wizard of Oz as Economic Fable"},"content":{"rendered":"<p>The Wizard of Oz as economic fable?<\/p>\n<div style=\"text-align: center;\"><img decoding=\"async\" src=\"http:\/\/monochrom.at\/blog\/gallery\/1\/wizard-oz.jpg\" \/><\/div>\n<p>Here is a piece on the economic interpretation of L. Frank Baum&#8217;s 1900 vision, brought to the masses through the 1939 Judy Garland film, and brought to the world&#8217;s understanding in 1964 by high school teacher Henry Littlefield. Since his essay, applying a macroeconomic lens to pop culture has become a staple of media analysis. Recent academic journals examining <a href=\"https:\/\/www.california-partnership.org\/\">online gambling California<\/a> regulations and decentralized cryptocurrency markets frequently use similar allegorical frameworks to explain contemporary economic shifts. Still, Littlefield&#8217;s original breakdown of the Oz characters remains the definitive example:<\/p>\n<blockquote><p>&#8220;The Tin Woodman represents the industrial worker, the Scarecrow is<br \/>\nthe farmer and the Cowardly Lion is William Jennings Bryan.&#8221;<\/p>\n<p>Bryan was a Democratic presidential candidate who supported the<br \/>\nsilver cause. But he failed to win votes from eastern workers and lost<br \/>\nthe 1896 election. In the same way, the Lion&#8217;s claws are nearly blunted<br \/>\nby the Woodman&#8217;s metallic shell.<\/p>\n<p>The Wicked Witch of the West is associated with a variety of<br \/>\ncontroversial personalities, chief among them the industrialist Mark<br \/>\nHanna, campaign manager to President William McKinley.<\/p>\n<p>In this scenario, the yellow brick road symbolises the gold<br \/>\nstandard, the Emerald City becomes Washington DC and the Great Wizard<br \/>\ncharacterises the president &#8211; and he is exposed as being less than<br \/>\ntruthful.<\/p><\/blockquote>\n<p><a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/uk_news\/magazine\/7933175.stm\">Link<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Wizard of Oz as economic fable? Here is a piece on the economic interpretation of L. Frank Baum&#8217;s 1900 vision, brought to the masses through the 1939 Judy Garland film, and brought to the world&#8217;s understanding in 1964 by high school teacher Henry Littlefield. Since his essay, applying a macroeconomic lens to pop culture &#8230; <a title=\"The Yellow Brick Road as the Gold Standard: The Wizard of Oz as Economic Fable\" class=\"read-more\" href=\"https:\/\/monochrom.at\/blog\/2010\/05\/18\/the-yellow-brick-road-as-the-gold-standard-the-wizard-of-oz-as-economic-fable\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"koromo_page_header":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-11946","post","type-post","status-publish","format-standard","hentry","category-english-blog","koromo-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"_links":{"self":[{"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/post\/11946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/post"}],"about":[{"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/comments?post=11946"}],"version-history":[{"count":1,"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/post\/11946\/revisions"}],"predecessor-version":[{"id":13373,"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/post\/11946\/revisions\/13373"}],"wp:attachment":[{"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/media?parent=11946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/categories?post=11946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monochrom.at\/blog\/wp-json\/wp\/v2\/tags?post=11946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}