You don't have to go to graduate school to learn invaluable economics principles. These two critical economics concepts can save you from countless bad business decisions and life choices.

BERAS: And do you like economics? PAUL: Well, no, not really. BERAS: So the first thing we're going to talk about is something called labor hoarding. PAUL: I know what hoarding means.

Once composed primarily of college and university professors in economics, the American Economic Association (AEA) now attracts 20,000+ members from academe, business, government, and consulting ...