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    The Wizard of Oz as an allegory for economics

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    The Wonderful Wizard of Oz can be viewed as an allegory to economics, explain this to me: who does each character represent, What was the goal of the people represented by the main characters, Why would they want to accomplish this goal.

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    Solution Preview

    Think about what the Wizard of Oz could represent. Is there anything in economics that people thought would solve all their problems, but then discovered that it didn't? What about Keynesian economics? ...

    Solution Summary

    The solution discusses different ways in which Dorothy, the Tin Man, and the Wizard of Oz could represent economic principles.