The James Buchanan Fellowship is a competitive, one-year fellowship offered by the Mercatus Center to academics in any field who have just finished their Ph.D. degrees.

This fellowship seeks to foster critical discussion of Adam Smith’s political economy and that of the Austrian, Virginia, and Bloomington schools of political economy among early-career academics. Additionally, James Buchanan Fellows will learn about current applications of these concepts to social science issues about the institutional foundations and dynamics of economic, political, and social coordination.

Information About Program

James Buchanan Fellows participate in three virtual colloquia and spend two weekends living on campus at George Mason University (Fairfax, VA) discussing mainstream political economics. The activities that make up the James Buchanan Fellowship all take place in the same calendar year to meet the duties and responsibilities of early career academics in teaching or research. The three shorter colloquia virtually take place throughout the summer as well.

A collection of readings serves as the basis for each in-person colloquium, featuring lectures, discussion forums, sit-down dinners, and hospitality. Every online colloquium has discussion sessions organized around a set of readings. The colloquia feature discussions led by experts from the Hayek Program, related scholars, and James Buchanan Fellowship alums. Fellows will be able to apply for conference and research funding and join a network of Mercatus students, alums, and researchers engaged in and performing cutting-edge research in modern political economy.

Key Details

• Organized by: Mercatus Center of George Mason University
• Location: United States
• Application Deadline: 15 April 2024
• Announcing Date: Approximately twelve weeks after the deadline.
• Duration: One year (January to December of each year)
• Program Type: Fellowship
• Eligible Nations: All

Benefits

The maximum $10,000 prize includes a stipend, all necessary reading materials, travel expenses, and lodging to attend the colloquia held by the Mercatus Center.

For overseas applicants, the program will arrange and cover airfare, as well as lodging and meals involved with the fellowship program’s in-person events.

Eligibility for the Mercatus Center James Buchanan Fellowship

Applicants should meet the following criteria:

• Have completed a PhD program within the last five years
• Possess an academic post at an accredited institution or a research job with an organization dedicated to doing in-depth research in the social sciences and other sciences.
• Early-career academics with a Ph.D. from any field who might benefit from a better comprehension of important political economics literature for their research or teaching interests are highly invited to apply.
• The James Buchanan Fellowship is open to any academic of any nationality who now has or plans to hold an educational post (such as teaching, research, visionary leadership, etc.) at a university or academic research center in the US or overseas during their year of participation.

Documents Requirement

Submit the following application documents:

• A one to a two-page cover letter outlining: your graduate studies to date, your academic objectives, your current projects and research interests, your acquaintance with the political economists affiliated with the Austrian, Virginia, and Bloomington schools, and your goals for the course
• An updated CV or resume
• If there are any, a list of recent academic publications

How to Apply for the Mercatus Center James Buchanan Fellowship?

To apply, click the apply now button below:

Apply Now

To learn more about The James Buchanan Fellowship, kindly visit the Mercatus Center’s official website.

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