This monograph is probably one of the most laborious efforts to depict the dynamic reconfiguration of the US economy around the 1990s. The progress of the US economy in that time was not a simple piece of a macroeconomic business cycle, but was accompanied by industrial dynamics led by IT. Thanks to the latter aspect, the US economy presented a remarkable rate of economic growth without inflation. Innovations driven by IT created a numerous number of new businesses, while keeping manufacturing costs even lower not only in the IT sector but also in IT-using sectors. This trickling-...