Sponsored by the Mercatus Center at George Mason University
The Mercatus Center at George Mason University offers three fellowships for graduate students who are interested in political economy: the Adam Smith Fellowship, the Frédéric Bastiat Fellowship, and the Oskar Morgenstern Fellowship. These fellowships are awarded to graduate students in disciplines including, but not limited to, economics, law, political science, sociology, and philosophy. The fellowships are designed to expose students to the key thinkers and ideas in the Austrian, Virginia, and Bloomington schools of political economy as well as how to apply these ideas to pressing policy issues and academic research.
Adam Smith, Frédéric Bastiat, and Oskar Morgenstern Fellows attend colloquia during the academic year. At those meetings, they discuss ideas in political economy and how those ideas relate to their own research with leading scholars and other graduate students. Fellows receive an honorarium, travel and lodging to colloquia, and books and other academic materials related to the fellowship program. They are also eligible to apply for conference and research funding.
Fellows join a large network of graduate students, scholars, and alumni with careers in academia and policy at top institutions across the world.
Applications for the 2021-2022 academic year are due March 15, 2021. To learn more about these fellowships and the other student programs offered by the Mercatus Center at George Mason University, please visit our website.
The Adam Smith Fellowship is a one-year, competitive fellowship program for graduate students enrolled in PhD programs at any university and in any discipline including, but not limited to, economics, philosophy, political science, and sociology. Adam Smith Fellows receive a stipend and spend three weekends during the academic year and one week during the summer participating in workshops and seminars on the Austrian, Virginia, and Bloomington schools of political economy. It is a total award of up to $10,000 for the year.
The Frédéric Bastiat Fellowship is a one-year, competitive fellowship program for graduate students who are enrolled in master’s, juris doctoral, and doctoral programs from any university and in any discipline including, but not limited to, economics, law, political science, and public policy.
The aim of this fellowship is to introduce students to the Austrian, Virginia, and Bloomington schools of political economy as academic foundations for contemporary policy analysis, policy-relevant academic research, and other applied topics. Fellows will explore how this framework is utilized for a variety of topics (including entrepreneurship, technological innovation, regulation, immigration, natural disasters and military conflicts, and federal and state fiscal policy) during a series of colloquia where they will interact with Mercatus scholars that work on the cutting edge of policy analysis and policy-relevant academic research. It is a total award of up to $5,000 for the year.
“The skillset I have learned while being a Bastiat Fellow has made me a more humble person, and it has also made me a better economist overall,” explains Frédéric Bastiat Fellowship alum Jaime Narbon. Read his Alumni Spotlight here.
The Oskar Morgenstern Fellowship is a one-year, competitive fellowship program for students who are enrolled in PhD programs from any university and in any discipline with training in quantitative methods. In addition to receiving a stipend, Oskar Morgenstern Fellows spend two weekends and half a week during the academic year participating in colloquia, where they focus on utilizing quantitative and empirical techniques to explore key questions and themes advanced by the Austrian, Virginia, and Bloomington schools of political economy. It is a total award of up to $7,000 for the year.
Dr. Alessandro Del Ponte, a member of the inaugural class of Oskar Morgenstern Fellows, found the fellowship to be the perfect fit for his interdisciplinary interests. Read his Alumni Spotlight here.
In order to apply to the Adam Smith, Frédéric Bastiat, and Oskar Morgenstern Fellowships, you will need to fill out an online application that includes:
- A 1-2 page cover letter explaining:
- your graduate school career to date,
- your research and research interest,
- 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 program.
- A current resume/CV.
- A few short answer questions.
Applicants must be enrolled in a graduate program, from any university and in any discipline, during the academic year of the fellowship.
- Applications for the 2021-2022 academic year must be submitted by March 15, 2021.
- Application review will begin after the deadline and decisions will begin to be announced approximately eight weeks after the deadline.