Adam Smith Fellowship


A one-year program for doctoral students from any university and discipline who are interested in political economy.

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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 in a variety of fields including economics, philosophy, political science, and sociology.

The aim of these fellowships 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 in residence at George Mason University participating in workshops and seminars on the Austrian, Virginia, and Bloomington schools of political economy.

The total award of up to $10,000 includes a stipend and travel and lodging to attend colloquia hosted by the Mercatus Center. Fellowship winners are eligible to re-apply each year of their studies. Smith Fellows are also eligible to apply for conference and research support.

In order to apply to the Adam Smith Fellowship, please click the “Apply Now” button and complete the online application. The online application includes:

  • A 1-2 page cover letter explaining:
    • your graduate school career to date,
    • your research and research interests,
    • 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 

Applications for the 2019-2020 Adam Smith Fellowship are now closed.

Mercatus Center Academic and Student Programs is currently reviewing applications for the 2019-2020 academic year. We expect to begin communicating application decisions six to eight weeks after the March 15th deadline. 

Want to be notified when Adam Smith Fellowship applications open for the 2020-2021 academic year? Sign up here!

If you have any questions, please email