Jeffrey Baer, chanel 11 pledge drive: the Harlem Globe Trotters are not from Harlem, Rudolph the Red Nosed Reindeer is not from the North Pole, and the Wizard of Oz is not from Kansas – they are all from Chicago.
By Edward L. Glaeser, NYT, September 1, 2009
Perhaps the most famous example of economics-in-the-enchantment is “The Wizard of Oz,” which has been interpreted by Henry Littlefield and Hugh Rockoff as an allegory about the monetary policy debates of the populist era. According to this view, the Scarecrow represents the farmer, the Tin Woodsman is the [...]