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BusinessWeek's executive managing editor, John Byrne, talks with chief economist Michael Mandel about the thesis of his cover story: that in a knowledge-based world, the traditional measures don't tell the whole financial story. We're bombarded by reports about the problems with the U.S. economy -- the paltry investment rate, the yawning current account deficit, and the pathetic amount Americans salt away. But what if the doomsayers don't see the whole picture -- and businesses are investing about $1 trillion a year more than the latest gloomy numbers show?
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