Information technology is the collection, storage, processing, dissemination and use of information. This report is an effort to contribute to the formation of a more comprehensive American view of the implications of information technology and to provide a basis for assessing its future impact. The authors of contributed papers discuss information technology in relation to: (1) the individual, (2) business, (3) antitrust policy, (4) education, (5) government and politics, and (6) the changing information environment. Information technology, both new and old, is seen as the nervous system of society. Unless it is shaped by wise decisions it will not be possible to make effective policies about anything else. Taken together, these papers form an excellent base from which any business leader or other interested person can develop his own view of the implications of information technology. (Author/SJ)