I’m working on a economics discussion question and need an explanation to help me learn.
1.14 In TheWonderful Wizard of Oz and his other books about the Land of Oz, L. Frank Baum observed that if people’s wants were limited enough, most goods would not be scarce. According to Baum, this was the case in Oz:
There were no poor people in the Land of Oz, because there was no such thing as money. Each person was given freely by his neighbors whatever he required for his use, which is as much as anyone may reasonably desire. Some tilled the lands and raised great crops of grain, which was divided equally among the whole population, so that all had enough. There were many tailors and dressmakers and shoemakers and the like, who made things that any who desired them might wear. Likewise there were jewelers who made ornaments for the person, which pleased and beautified the people, and these ornaments also were free to those who asked for them. Each man and woman, no matter what he or she produced for the good of the community, was supplied by the neighbors with food and clothing and a house and furniture and ornaments and games. If by chance the supply ever ran short, more was taken from the great storehouses of the Ruler, which were afterward filled up again when there was more of any article than people needed….
You will know, by what I have told you here, that the Land of Oz was a remarkable country. I do not suppose such an arrangement would be practical with us.
Briefly explain whether you agree with Baum that the economic system in Oz wouldn’t work in the contemporary United States.
Source: L. Frank Buwn, The Emerald City of Oz,1910, pp. 30-31.
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