The James Buchanan Fellowship 2026-27 is now accepting applications, offering a prestigious and fully funded opportunity for early-career scholars. Offered by the Mercatus Center at George Mason University, this fellowship aims to engage researchers deeply in the political economy of the Virginia, Austrian, and Bloomington schools. Consequently, it serves as a vital platform for recent doctoral graduates to explore the modern applications of ideas from thinkers like Adam Smith and James Buchanan.

This international fellowship is highly competitive and open to scholars from around the globe who have recently completed their PhDs. Furthermore, the program includes a total award of up to $8,000, covering stipends, travel, and lodging for required colloquia. Therefore, eligible researchers looking to expand their network and influence in the social sciences should apply for the James Buchanan Fellowship 2026-27 before the April deadline.

Program Highlights

Feature	Details
Fellowship Name	James Buchanan Fellowship 2026-27
Host Institution	Mercatus Center, George Mason University
Award Value	Up to $8,000 (Stipend + Expenses)
Duration	One Year (Academic Year)
Deadline	April 15, 2026

Program Overview

The James Buchanan Fellowship 2026-27 is designed to encourage scholars to engage seriously with the institutional underpinnings of political, economic, and social coordination. The duration of the fellowship is one academic year, during which fellows will spend three weekends in residence at George Mason University in Fairfax, Virginia.

These residencies are structured as colloquia, featuring set readings, formal meals, and rigorous discussion sessions led by Hayek Program scholars and fellowship alumni. By participating, fellows join an extensive international network of Mercatus students and scholars, gaining access to cutting-edge research and opportunities for future collaboration.

Eligibility Criteria

To be considered for this competitive program, applicants must meet specific professional and academic requirements.

• PhD Completion: Applicants must have completed their doctoral degree within the last six years.
• Current Position: Candidates must hold an excellent academic position at an accredited university or a research position at an organization dedicated to social sciences.
• Commitment: Applicants must be able to commit to traveling for three weekends to attend colloquia during the academic year.
• Research Interest: Preference is given to those with research or teaching interests that benefit from a critical understanding of political economy.
• Global Eligibility: The fellowship is open to international students from any part of the world.

Financial Benefits and Support

The James Buchanan Fellowship 2026-27 is a fully funded program that ensures scholars can participate without financial burden.

• Total Award: The fellowship provides a total award of up to $8,000.
• Coverage: This amount covers the stipend, reading materials, and travel and lodging required to attend the colloquia.
• Reimbursement: Fellows can reimburse expenses related to academic travel for the program.
• Networking: Access to an international network and potential funding for international conferences.

Required Documents

Applicants must prepare the following materials for their online application:

• Cover Letter: A 1-2 page document detailing graduate career, research interests, academic goals, and familiarity with the Virginia, Austrian, and Bloomington schools.
• Curriculum Vitae (CV): A comprehensive resume or CV.
• Academic Publications: Copies of relevant publications, if available.
• Short Answers: Responses to specific questions provided in the application form.

Application Process

The application for the James Buchanan Fellowship 2026-27 is submitted entirely online.

1. Start Application: Click the ‘apply now’ button on the official website to access the form.
2. Fill Details: Complete the application form with accurate personal and academic information.
3. Upload Documents: Attach the required cover letter, CV, and publications.
4. Submit: Ensure all sections, including the short answer questions, are completed before submitting by the deadline.

Important Dates

Activity	Date
Application Deadline	April 15, 2026
Fellowship Term	Academic Year 2026-27

Frequently Asked Questions (FAQs)

1. Who is eligible for the James Buchanan Fellowship 2026-27?

Scholars who have completed their PhD within the last six years and hold an academic or research position are eligible.

2. Is the fellowship fully funded?

Yes, it is a fully funded program providing an award of up to $8,000 to cover stipends, travel, and lodging.

3. What is the main focus of the fellowship?

The fellowship focuses on the political economy of the Virginia, Austrian, and Bloomington schools, engaging with ideas from Adam Smith and other thinkers.

4. Do I need to live in the USA for the whole year?

No, fellows are required to spend only three weekends in residence at George Mason University in Virginia during the academic year.

5. Can international scholars apply?

Yes, the James Buchanan Fellowship 2026-27 is open to students and scholars from any part of the world.