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Policy / Organization profile

Mercatus Center

What Mercatus Center does

Mercatus Center at George Mason University is a university-affiliated research center that aims to bridge academic ideas and real-world problems through market-oriented and classical-liberal economics and policy analysis. Mercatus describes itself as a 501(c)(3) not-for-profit organization that is led by a faculty director appointed by George Mason University’s provost, while operating independently from George Mason University and from federal, state, and local government financial support. Its work spans law, regulation, and economics, with explicit emphasis on areas such as technology and innovation, including artificial intelligence policy education and analysis. Over time, Mercatus has also developed talent and training pipelines—graduate through postdoctoral/early-career programs and structured fellowships—and it administers grant programs such as Emergent Ventures, including an AI-focused vertical. In 2024–2026, Mercatus continued to expand its talent/fellowship initiatives (e.g., 1991 Fellowship, Emerging Scholars Program) and reinforced its AI-oriented institutional presence (including an AI Research Assistant for its publications website).

News

Company record

Jul 21, 2026 · Official · Mercatus CenterMercatus Announces Resilient Societies Grant Recipients

Mercatus announced a cohort of Resilient Societies grant recipients, describing the program’s selection process and listing projects and research questions (including several AI-related framing questions).

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Jul 01, 2026 · Official · Mercatus CenterMercatus Center Mourns the Passing of Colleen Morretta

Mercatus shared an obituary announcement for Colleen Morretta, describing her long-running contributions to the organization (including roles involving board secretary/administrative support).

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Jun 22, 2026 · Official · Mercatus CenterIntroducing the Inaugural 1991 Fellowship Cohort

Mercatus introduced the inaugural cohort of the 1991 Fellowship, including project themes and the states/country coverage for fellow work on state-level reform in India.

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Mar 31, 2026 · Official · Mercatus CenterAnnouncing a Call for Proposals - Resilient Societies

Mercatus invited proposals for focused analytical projects on institutional adaptation under stress, explicitly including the role of rapidly rising AI alongside geopolitical, fiscal, demographic, and trust pressures.

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Jan 15, 2026 · Official · Mercatus CenterAnnouncing The 1991 Fellowship

Mercatus published an announcement introducing The 1991 Fellowship, positioning it as a program focused on state-level reform in India with an emphasis on practical, implementable policy ideas.

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Oct 02, 2025 · Official · Mercatus CenterMercatus Center Recognizes the Long-Time Leadership of Edwin Meese III and Vernon Smith

Mercatus announced that it recognized Edwin Meese III and Vernon Smith as Board Member Emeritus, describing their board service start dates.

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Sep 29, 2025 · Official · Mercatus CenterMercatus Center Welcomes Third Class of John Stuart Mill Fellows

Mercatus announced its third cohort of fellows for the John Stuart Mill Fellowship and reiterated the program’s one-year purpose for entrepreneurs and leaders focused on market, politics, and society foundations.

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Sep 02, 2025 · Official · Mercatus CenterMercatus Welcomes Inaugural Cohort of Emerging Scholars

Mercatus announced the inaugural cohort for the Emerging Scholars Program and described it as a two-year initiative aimed at supporting classical-liberal thinkers as public intellectuals.

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Show 4 earlier updates
May 20, 2025 · Official · Mercatus CenterTyler Cowen Named to Inaugural TIME100 Philanthropy List

Mercatus announced that Tyler Cowen was named to the inaugural 2025 TIME100 Philanthropy list, with the announcement referencing his leadership of Emergent Ventures.

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Feb 06, 2025 · Official · Mercatus CenterMercatus Center Strengthens AI Focus with Addition of Brendan McCord to Board

Mercatus announced the addition of Brendan McCord to its board effective February 2025, stating it reinforces Mercatus’s commitment to understanding AI and strengthening AI governance and AI-related talent support.

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Nov 07, 2024 · Official · Mercatus CenterMeet the AI Research Assistant for Mercatus Publications

Mercatus announced an AI Research Assistant feature for its publications, stating it is powered by OpenAI’s ChatGPT and is embedded within each publication page to help users query and summarize content.

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Nov 06, 2024 · Official · Mercatus CenterMercatus Center Announces New Visiting Fellows with the Program on Pluralism and Civil Exchange

Mercatus announced the 2024–2025 visiting fellows cohort for the Program on Pluralism and Civil Exchange and described the program’s general aim and fellowship structure.

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Source map · 2 recurring channels · 37 references
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Still resolving: Newsroom · Official X

Funding

Latest disclosed valuationNot disclosed
Tracked capital$1.3M3 sourced rounds
DateRoundRaisedValuationLead / investorsEvidence
Jan 01, 2026Grant (foundation)$587.1K—
Not attributed
+1 investor
Apr 07, 2022AI-focused vertical funding (grant program support)——
Not attributed
+1 investor
Jan 01, 2020Donation / grant (fund)$750K—
Not attributed
+1 investor

What it builds

AI Policy Guide

AI Policy Guide is a digital resource designed to equip policymakers with core concepts needed to identify, understand, and address artificial intelligence policy challenges.

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AI Research Assistant for Mercatus publications

Mercatus provides an AI Research Assistant feature embedded within its research publication pages to help users engage with specific publications; Mercatus states it is powered by OpenAI’s ChatGPT.

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Emergent Ventures

Emergent Ventures is a low-overhead fellowship and grant program launched in 2018 that supports entrepreneurs and “zero to one” ideas for meaningfully improving society; Mercatus states its faculty director Tyler Cowen administers the program.

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Emergent Ventures AI

Emergent Ventures AI is an AI-focused vertical of Emergent Ventures dedicated to supporting artificial intelligence researchers and talent; Mercatus states the vertical is supported by Schmidt Futures and is directed by Tyler Cowen.

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Emerging Scholars Program

Emerging Scholars Program is a full-time, two-year fellowship for rising public intellectuals designed to cultivate classical-liberal public intellectuals through residency, mentorship, training, and scholar research/public engagement.

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The 1991 Project

The 1991 Project is a Mercatus initiative focused on India’s policy reforms and liberalization experience; Mercatus hosts project content under its Ideas of India programming.

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John Stuart Mill Fellowship

John Stuart Mill Fellowship is a one-year program for entrepreneurs and leaders interested in the philosophical foundations of markets, politics, and society; Mercatus frames it as part of its broader talent and ideas pipeline.

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Marginal Revolution University (MRU)

Mercatus lists Marginal Revolution University as an initiative in its organizational initiatives section, connecting its intellectual programming to broader talent development through MRU.

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Key metrics

Milestones & partnerships

Mar 31, 2026
Resilient Societies call for proposals

Mercatus launched a call for proposals for the Resilient Societies initiative, explicitly framing AI as accelerating institutional stress pressures.

Resilient Societies
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Sep 02, 2025
Inaugural Emerging Scholars Program cohort

Mercatus announced the inaugural cohort for the Emerging Scholars Program.

Emerging Scholars Program
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Feb 06, 2025
Brendan McCord added to board to strengthen AI focus

Mercatus announced Brendan McCord’s addition to its board effective February 2025, positioning it as reinforcing Mercatus’s AI governance and talent work.

Brendan McCord
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Nov 07, 2024
Publication AI Research Assistant introduced

Mercatus introduced an AI Research Assistant feature embedded in publication pages (stating it is powered by OpenAI’s ChatGPT).

OpenAI
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Sep 01, 2024
AI Policy Guide updated to September 2024

Mercatus’s AI Policy Guide indicates it was updated in September 2024.

Mercatus Center
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Apr 07, 2022
Launch of Emergent Ventures AI

Mercatus announced the launch of Emergent Ventures AI as an AI-focused vertical supported by Schmidt Futures.

Schmidt Futures · Emergent Ventures
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Jan 01, 2021
Program on Pluralism and Civil Exchange launched

Mercatus describes its Program on Pluralism and Civil Exchange as launched in 2021 in its announcement about visiting fellows.

Program on Pluralism and Civil Exchange
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Jan 01, 2018
Launch of Emergent Ventures

Mercatus states that Emergent Ventures was launched in 2018 as a fellowship and grant program.

Emergent Ventures · Tyler Cowen
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Jan 01, 1999
Renaming to the Mercatus Center

Mercatus describes that the Center for the Study of Market Processes became the Mercatus Center at George Mason University in 1999.

Mercatus Center
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Jan 01, 1980
Center for the Study of Market Processes moved to George Mason University

Mercatus describes its history as beginning with Richard Fink bringing the Center for the Study of Market Processes to George Mason University in 1980.

George Mason University · Richard Fink
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