Early-career scholars interested in political economy now have an excellent opportunity to deepen their research and academic networks through the James Buchanan Fellowship at the Mercatus Center.
Designed for scholars who have recently completed their doctoral studies, this competitive one-year fellowship introduces participants to the Austrian, Virginia, and Bloomington schools of political economy while offering financial support, mentorship, and access to a global academic network.
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Fellowship Overview
- Host Institution: Mercatus Center, George Mason University (USA)
- Fellowship Duration: 1 academic year (2026–2027)
- Funding: Up to $8,000
- Application Deadline: April 15, 2026
- Decision Timeline: 10–12 weeks after the deadline
- Apply – James Buchanan Fellowship | Mercatus Center
What the Fellowship Covers
Selected fellows receive:
- A stipend
- All required reading materials
- Travel and accommodation for in-person colloquia
- Access to academic events and research discussions hosted by Mercatus
Who Should Apply?
You are eligible if you:
- Graduated from a doctoral program within the last six years
- Hold an academic or research position at an accredited institution
- Work in economics, political science, philosophy, or related social sciences
(Applicants from interdisciplinary backgrounds are welcome)
International scholars and applicants based outside the United States are also eligible.
About the Program Experience
James Buchanan Fellows participate in:
- Two in-person weekend colloquia at George Mason University (Fairfax, Virginia)
- Three virtual academic sessions during the year
- Guided discussions, lectures, formal meals, and scholarly networking
Fellows engage with leading scholars and alumni while exploring contemporary applications of classical political economy to modern economic, political, and social challenges.
Why the James Buchanan Fellowship Matters
The James Buchanan Fellowship is more than financial support – it is an intellectual immersion into the foundations of political economy. Named after Nobel laureate James M. Buchanan, the program emphasizes rigorous debate, institutional analysis, and the role of rules in shaping economic and political outcomes.
For early-career scholars, this fellowship provides structured exposure to classical liberal thought and its modern applications. Fellows gain clarity in their research direction while engaging with scholars who are actively shaping contemporary debates in economics and social sciences.
Who Should Strongly Consider Applying?
This fellowship is particularly well-suited for:
- Early-career academics seeking theoretical depth in political economy
- Scholars transitioning from doctoral research to long-term academic roles
- Researchers looking to connect ideas with institutions and policy outcomes
- International scholars aiming to expand their academic network in the United States
Applicants from diverse academic backgrounds are encouraged, especially those whose work intersects economics, political science, public policy, sociology, or philosophy.
Long-Term Benefits
- Join a global network of Mercatus scholars and alumni
- Eligibility for conference and research funding
- Mentorship from senior scholars in political economy
- Strong academic credential for research-focused careers
Career Impact and Alumni Network
James Buchanan Fellows become part of a respected academic community affiliated with the Mercatus Center at George Mason University. Alumni of the program have gone on to publish influential research, secure tenure-track positions, and contribute to policy-oriented institutions worldwide.
The fellowship also opens doors to future opportunities, including research grants, conference funding, and collaborative projects. For scholars committed to impactful research and long-term academic growth, the James Buchanan Fellowship serves as a powerful career accelerator.
How to Apply
Applications for the 2026–2027 James Buchanan Fellowship are open until April 15, 2026.
Applicants are encouraged to review eligibility criteria carefully before applying.
Apply early to ensure full consideration.
Frequently Asked Questions (FAQs)
1. Who can apply for the James Buchanan Fellowship?
The fellowship is open to early-career scholars who have completed a doctoral degree within the last six years and currently hold an academic or research position at an accredited institution.
2. Is the James Buchanan Fellowship fully funded?
The fellowship provides funding of up to $8,000, which includes a stipend, required reading materials, and travel and accommodation for in-person colloquia. It is a partially funded academic fellowship.
3. Can international applicants apply?
Yes. Applicants based outside the United States are eligible to apply. Travel and lodging for required in-person sessions are covered by the fellowship.
4. Do I need a background in economics or political science?
No. While many fellows come from economics, political science, or philosophy, scholars from interdisciplinary and related social science fields are encouraged to apply.
5. Where are the in-person sessions held?
Fellows attend two weekend colloquia at George Mason University in Fairfax, Virginia, along with virtual sessions during the academic year.
6. When will applicants be notified of the decision?
Application review begins after the deadline, and decisions are typically announced within 10–12 weeks of the application deadline.
7. Can I reapply if I am not selected this year?
Yes. Applicants who are not selected in a given year may apply again in future cycles, provided they continue to meet the eligibility criteria.