We review the development of random-matrix theory (RMT) during the las
t fifteen years. We emphasize both the theoretical aspects, and the ap
plication of the theory to a number of fields. These comprise chaotic
and disordered systems, the localization problem, many-body quantum sy
stems, the Calogero-Sutherland model, chiral symmetry breaking in QCD,
and quantum gravity in two dimensions. The review is preceded by a bri
ef historical survey of the developments of RMT and of localization th
eory since their inception. We emphasize the concepts common to the ab
ove-mentioned fields as well as the great diversity of RMT. In view of
the universality of RMT, we suggest that the current development sign
als the emergence of a new ''statistical mechanics'': Stochasticity an
d general symmetry requirements lead to universal laws not based on dy
namical principles. (C) 1998 Elsevier Science B.V. All rights reserved
.