The James Buchanan Fellowship is now accepting applications for 2026. This prestigious, fully funded fellowship offers early-career scholars the chance to spend one year at George Mason University in Virginia, USA. Open to applicants of any nationality and academic background, the program is designed for those who have recently completed their doctoral studies and are eager to explore the intersection of economics, politics, and law.
Fellows of the James Buchanan Fellowship will engage deeply with political economy theories, including the Austrian, Virginia, and Bloomington schools of thought, inspired by the work of James M. Buchanan Jr., founder of the Virginia School of Political Economy. The fellowship covers all major expenses, including airfare, stipend, and housing, enabling scholars to focus fully on their research. Applicants from all disciplines are encouraged to apply.
Benefits
The total award of up to $8,000 includes:
- A Stipend
- All Required Reading Materials
- Travel Expenses
- Accommodation Covered
Eligibility Criteria
- The James Buchanan Fellowship 2026-27 is open to all Nationals.
- Applicants must have a PhD degree.
- Recently completed a doctoral program within the last 6 years.
- Hold an academic position at an accredited university or a research position at a reputable research institution.
- Early-career scholars whose research or teaching aligns with the principles of political economy are encouraged to apply.
Required Documents
- Cover Letter
- Resume/CV
- A list of recent academic publications, if any
- A few short-answer questions.
Objective
The Fellowship aims to invite Early Career Researchers with a PhD from any discipline to introduce them to the Austrian, Virginia, and Bloomington schools of Political Economy.
How to Apply?
- Make sure you meet the eligibility requirements: recent doctoral graduates within the last six years from any discipline can apply.
- Visit the official James Buchanan Fellowship page on the Mercatus Center website to start your online application.
- Prepare a 1–2 page cover letter explaining your academic background, research interests, career goals, and why this fellowship matters to you.
- Upload your current resume or CV showing education, research experience, publications, and relevant work.
- Answer all short questions in the application form thoughtfully and clearly.
- Include academic publications or working papers if available, to strengthen your application.
- Review all documents and answers carefully, then submit your application before the deadline.
- Wait for the decision, which is usually communicated within ten to twelve weeks after the deadline.
Frequently Asked Questions (FAQs)
The James Buchanan Fellowship is a fully funded opportunity for early-career scholars worldwide, covering all major expenses. Fellows gain in-depth research experience in political economy, actively participate in events, and can reapply if not selected.
What is the James Buchanan Fellowship?
The James Buchanan Fellowship is a fully funded program for early-career scholars to study political economy at George Mason University. It emphasizes Austrian, Virginia, and Bloomington schools, giving participants hands-on research experience with senior scholars.
Who is eligible to apply for the James Buchanan Fellowship?
The James Buchanan Fellowship welcomes early-career scholars who completed their PhD within the last six years. Applicants from any discipline can apply if their research or teaching can benefit from studying political economy and related frameworks.
Can international scholars apply for the James Buchanan Fellowship?
Yes. The James Buchanan Fellowship is open to scholars of any nationality holding an academic position at a university or research center. The program covers airfare, lodging, and meals to support participation for all selected fellows.
How do I submit my application for the James Buchanan Fellowship?
Applications for the James Buchanan Fellowship are submitted online via the official page. You need a cover letter, CV or resume, list of publications if any, and answers to short questions to showcase your research interests and academic goals.
What should be included in the cover letter for the James Buchanan Fellowship?
Your cover letter for the James Buchanan Fellowship should explain your doctoral journey, research focus, career goals, and interest in political economy. It should clearly convey what you hope to achieve through the fellowship experience.
When will applicants hear about the decision for the James Buchanan Fellowship?
Applicants to the James Buchanan Fellowship typically receive decisions ten to twelve weeks after the application deadline. This period allows the committee to carefully review submissions and select the scholars best suited for the program.
What responsibilities do fellows have during the James Buchanan Fellowship?
Fellows in the James Buchanan Fellowship must actively participate in colloquia, complete assigned readings, attend scheduled meals and events, and engage respectfully in discussions throughout the program to maximize the learning experience.
Are there any funding requirements for the James Buchanan Fellowship?
Fellows must ensure they meet funding eligibility for the James Buchanan Fellowship, including institutional or tax requirements. Coordination with home institutions is recommended to properly receive stipends or honoraria provided by the fellowship.
Can I reapply if I am not selected for the James Buchanan Fellowship?
Yes. Scholars not selected for the James Buchanan Fellowship in a given year may reapply. Past fellows can also reapply annually until the fifth year after completing their PhD, giving multiple opportunities to participate in the program.
What is the schedule for the James Buchanan Fellowship events?
The James Buchanan Fellowship schedule is usually set around June or July. Fellows should arrive before sessions begin and stay through the program’s conclusion, fully engaging in readings, discussions, and other fellowship activities.
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