Applications are open for the Adam Smith Fellowship 2024. The Adam Smith Fellowship, a joint initiative of the Mercatus Center and Liberty Fund, Inc., is designed to support graduate students pursuing Ph.D. programs across various disciplines, including economics, philosophy, political science, and sociology.

Adam Smith Fellowship 2024
Adam Smith Fellowship 2024

Recipients of the Adam Smith Fellowship engage in a series of workshops and seminars during the academic year and for a week in the summer. These sessions focus on the Austrian, Virginian, and Bloomington schools of political economy, exposing students to critical thinkers in the field.

Adam Smith Fellowship 2024

The fellowship presents a networking and research opportunity. Adam Smith Fellows become part of a network that includes Mercatus students, alumni, and scholars involved in cutting-edge research in contemporary political economy.


  • Universality: The fellowship is open to students of any nationality enrolled in a doctoral program at any university worldwide.
  • Encouraged Criteria: Strong encouragement is given to students who meet the following criteria:
  • Enroll in an accredited PhD program in the upcoming academic year.
  • Able to commit to attending colloquia during the academic year, involving three weekends and one week.
  • Possess a research or teaching interest that stands to benefit from a deeper understanding of key writings in political economy.

 Benefits of the Fellowship 

The fellowship offers a total award of up to $10,000, covering a stipend, required readings, and expenses related to travel, lodging, and meals for colloquia hosted by the Mercatus Center.

How to apply

Interested candidates are required to complete an online application, including:

  • A 1-2-page cover letter explaining:
    • your graduate school career to date,
    • your research interests and current projects,
    • 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 or CV
  • A few short-answer questions

To get started with your application, click here. If you need more information about the fellowship, click here.

Application Deadline

The application deadline is March 15, 2024, and the review process will commence after this date. Decisions are expected to be announced approximately eight to twelve weeks after the deadline.


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