America’s local governments spend about one-eighth of our national income, one-fourth of total government spending, and employ over 14 million people. This paper surveys the large and growing economics literature on local governments and their finances. A primary difference between local and...

The city of Medellín, Colombia was a cauldron of violence with 185 homicides per 100,000 people in 2002. By 2006, this rate had declined to 32.5. Such successful transformation was termed the 'Medellín miracle' and credited to policies of the city's mayor, Sergio Fajardo. Fajardo came to...

The city of Medellín, Colombia was a cauldron of violence with 185 homicides per 100,000 people in 2002. By 2006, this rate had declined to 32.5. Such successful transformation was termed the 'Medellín miracle' and credited to policies of the city's mayor, Sergio Fajardo. Fajardo came to...