Adam Smith Fellowship

Deadline: 15 March 2023
Open to: international students enrolled in any doctoral program at any university, in the US or abroad
Benefits: total award of up to $10,000


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.


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.

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

  1. Students that will be enrolled in an accredited PhD program during the upcoming academic year.
  2. Students that are able to commit to traveling 3 weekends and 1 week for colloquia during the upcoming academic year.
  3. Students that have a research or teaching interest that would benefit from a greater understanding of key writings in 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. Adam Smith Fellows are eligible to re-apply each year of their studies, and are also eligible to apply for conference and research support.

How to apply?

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

  • 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/CV
  • A  few short answer questions

Applications for the 2023-2024 academic year are due March 15, 2023.

Application review will begin after the deadline, and they anticipate decisions will begin to be announced approximately eight to twelve weeks after the deadline. If you have any questions, please email SmithFellowship(@)

For more information, please visit the official webpage.