Mercatus Center James Buchanan Fellowship 2024 (up to $15,000)

James Buchanan Fellowship

Deadline: April 15, 2023

Applications for the Mercatus Center James Buchanan Fellowship 2024 are now open. The Mercatus Center’s James Buchanan Fellowship is a one-year, competitive fellowship programme awarded to scholars in any discipline who have recently graduated from their doctoral programmes.

The aim of this fellowship is to encourage early-career scholars to critically engage ideas in the political economy of Adam Smith and the Austrian, Virginia, and Bloomington schools of political economy.


In addition, James Buchanan Fellows will be introduced to contemporary applications of these ideas to questions in social sciences dealing with the dynamics and institutional underpinnings of economic, political, and social coordination.

Programme Details

James Buchanan Fellows spend two weekends in residence at George Mason University (Fairfax, VA) and three virtual colloquia during the calendar year participating in discussions on mainline political economy.

To accommodate for the teaching and/or research obligations and responsibilities of early career scholars in the academy, the events that constitute the James Buchanan Fellowship all take place within the same calendar year.

Furthermore, the three shorter colloquia take place during the summer virtually.

Each in-person colloquium is structured around a set of readings and includes discussion sessions, lectures, formal meals, and hospitality. Each virtual colloquium is structured around a set of readings and includes discussion sessions.

Hayek Programme scholars, affiliated scholars, and alumni of the James Buchanan Fellowship serve as discussion leaders and participants during the colloquia.

Fellows will join a network of Mercatus students, alumni, and scholars who are conducting and engaging with cutting-edge research in contemporary political economy and are eligible to apply for conference and research funding.


  • The total award of up to $15,000 includes a stipend, all required reading materials, and travel and lodging to attend colloquia hosted by the Mercatus Center.


  • Early-career scholars with a PhD from any discipline whose research and/or teaching interests would benefit from a greater understanding of key writings in political economy are strongly encouraged to apply.
  • Any scholar of any nationality who holds or will hold an academic position (such as teaching, research, academic leadership, etc.) at a university or academic research centre, in the US or abroad, during their year of participation is eligible to apply for the James Buchanan Fellowship.


The online application includes:

  • A 1-2 page cover letter explaining:
    • your graduate school career to date
    • your academic career goals
    • your research interests and current projects
    • your familiarity with the thinkers associated with the Austrian, Virginia, and Bloomington schools of political economy, and
    • what you hope to get out of the programme
  • A current resume/CV
  • A list of recent academic publications, if any
  • A few short answer questions

Click here to apply

For more information, see FAQs and visit James Buchanan Fellowship.

You can also check out these free courses from Stanford University.

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