Our friends at Creative Generalist uncovered a good story about the alternative to paying $150,000 for an MBA. Just for the record, I'm glad I went to school for mine. The energy of the class and the team dynamics resulted in a broad and deep educational experience. But, if you don't have the money, there are alternatives.

"You wasted $150,000 on an education you coulda got for a buck fifty in late charges at the public library."
- Will Hunting (played by Matt Damon), Good Will Hunting

Josh Kaufman launched his Personal MBA site as a resource for anyone who wants to know more about business theory. The Personal MBA references 42 business books.

At the core of the PMBA is a list of 42 books and periodicals. By investing time and effort in using these resources, you will progressively develop a greater understanding of business and increase your effectiveness at work. Even if you only read a few, you’ll get a substantial return on your investment.

There is even a PDF available of the book list.