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 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 participating in workshops and seminars on the Austrian, Virginia, and Bloomington schools of political economy. Fellows will join a network of Mercatus students, alumni, and scholars who are conducting and engaging with cutting edge research in contemporary 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.

Students who meet all of the following 3 criteria are strongly encouraged to apply:

  • Students that will be enrolled in an accredited PhD program during the upcoming academic year.
  • Students that are able to commit to traveling 3 weekends and 1 week for colloquia during the upcoming academic year.
  • Students that have a research or teaching interest that would benefit from a greater understanding of key writings in political economy.

Any student of any nationality enrolled in any doctoral program at any university, in the US or abroad, is eligible to apply for the Adam Smith Fellowship. The program will arrange and cover airfare, as well as lodging and meals associated with the fellowship.

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