Of the original Gilded Age, historian Richard Hofstadter wrote: "There is no other period in the nation's history when politics seems so completely dwarfed by economic changes, none in which the life of the country rests so completely in the hands of the industrial entrepreneur." The era of William Jefferson Clinton's ascent to the presidency was strikingly similar--nothing less, Clinton himself said, than "a paradigm shift . . . from the industrial age to an information-technology age, from the Cold War to a global society." How Bill Clinton met the challenges of this new Gilded Age is the...