Apply Now to the Mercatus Center’s Funded Graduate Student Fellowships

Dec 06, 2023

Apply Today! Graduate Student Fellowships.

Sponsored by Mercatus Center

Applications Now Open for Four Fellowship Programs!

The Mercatus Center’s graduate student fellowships are awarded to students in any discipline and at any university.  Fellows will join a network of Mercatus students, alumni, faculty, and scholars who are conducting and engaging with cutting-edge research in contemporary political economy. 

We have four funded, part-time fellowships available for graduate students. Read on to learn more about the:

  • Elinor Ostrom Fellowship
  • Adam Smith Fellowship
  • Frédéric Bastiat Fellowship
  • Oskar Morgenstern Fellowship

All applications are due March 15, 2024!


Adam Smith Fellowship

The Adam Smith Fellowship is a co-sponsored program of the Mercatus Center, and Liberty Fund, Inc. Adam Smith Fellowships are awarded to graduate students attending PhD programs at any university and in any discipline, including but not limited to economics, philosophy, political science, and sociology. The aim of this fellowship is to introduce students to and encourage them to critically engage key thinkers in political economy that they might not otherwise encounter during their graduate studies. As such, Adam Smith Fellows 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. 

Eligibility: Awarded to PhD students at any university and in any discipline, including but not limited to economics, philosophy, political science, and sociology.

Benefits: The total award of up to $10,000 includes a stipend and travel and lodging to attend colloquia hosted by the Mercatus Center.

Adam Smith Fellows are eligible to re-apply each year of their studies and are also eligible to apply for conference and research support.


Frédéric Bastiat Fellowship

The Frédéric Bastiat Fellowship is a one-year, competitive fellowship program awarded to graduate students attending master’s, juris doctoral, and doctoral programs in a variety of fields including 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, public health, 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 policy analysis and policy-relevant academic research.

Eligibility: Awarded to graduate students attending master’s, JD, and doctoral programs in a variety of fields including economics, law, political science, and public policy.

Benefits: The total award of up to $5,000 includes a stipend and travel and lodging to attend colloquia hosted by the Mercatus Center.

Frédéric Bastiat Fellows are eligible to re-apply each year of their studies and are also eligible to apply for conference and research support.


Oskar Morgenstern Fellowship

The Oskar Morgenstern Fellowship is a one-year, competitive fellowship program awarded to graduate students with training in quantitative methods who are attending PhD programs from any university in a variety of fields including economics, political science and sociology. The aim of this fellowship is to expose students to strategies for utilizing quantitative techniques to explore key questions and themes advanced in the Austrian, Virginia, and Bloomington schools of political economy. Oskar Morgenstern Fellows spend two weekends and half a week during the academic year participating in colloquia on these three schools of political economy.

Eligibility: PhD students with training in quantitative methods at any university in a variety of fields, including economics, political science and sociology.

Benefits: A total of award of up to $7,000 includes a stipend, travel and lodging to attend colloquia hosted by the Mercatus Center.

Oskar Morgenstern Fellows are eligible to apply for conference and research support and are eligible to re-apply each year of their studies.


Elinor Ostrom Fellowship

The Elinor Ostrom Fellowship is a one-year, competitive fellowship program awarded to PhD students from any university and any discipline, including but not limited to economics, philosophy, political science, and sociology. The aim of this fellowship is to expose students to the themes of markets, culture, morality, and sociality within the Austrian, Virginia, and Bloomington schools of political economy and to provide them with the tools needed to utilize this framework in academic research that explore these themes. Elinor Ostrom Fellows spend three weekends during the academic year participating in colloquia on these three schools of political economy.

Eligibility: Awarded to PhD students from any university and any discipline, including but not limited to economics, philosophy, political science, and sociology.

Benefits: A total award of up to $7,000 includes a stipend, travel and lodging to attend colloquia hosted by the Mercatus Center.

Elinor Ostrom Fellows are eligible to apply for conference and research support and are eligible to re-apply each year of their studies.


All programs have a deadline of March 15, 2024

Apply Now

Admissions Process

  • Application review will begin after the deadline and decisions will begin to be announced twelve or more weeks after the deadline.
  • If you have any questions, please contact us at [email protected]

About the Mercatus Center at George Mason University 

For over 40 years, the Mercatus Center at George Mason University has recruited, trained, and supported graduate students who have gone on to pursue careers in academia, government, and public policy as well as supported scholars pursuing research on the cutting edge of academia. Mercatus student fellows have an opportunity to learn from and interact with an impressive collection of Mercatus faculty, affiliated scholars, and visitors. Past visiting scholars have included Nobel Laureates James Buchanan, Vernon Smith, Douglass North, and Elinor Ostrom, as well as eminent scholars such as Gordon Tullock, Ludwig Lachmann, Israel Kirzner, David Schmidtz, David Friedman, and Deirdre McCloskey


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