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Theory of spin fluctuations for itinerant magnetism and its application to high temperature superconductivity are reviewed. After a brief introduction to the whole subject the developments of the self-consistent renormalization theory of spin fluctuations are summarized with particular emphasis on critical properties at the quantum phase transitions. Most of the anomalous properties in the normal state of high-Tc cuprates are understood as due to the critical behaviours for the two dimensional antiferromagnetic metals. By analysing the nuclear magnetic relaxation rate and the T-linear term of resistivity, the set of parameters to specify the spin fluctuations are determined. It is shown that by using the parameters thus obtained one can describe other quantities as well, e.g. optical conductivity. Then we proceed to the theory of superconductivity by the spin fluctuation mechanism. After some discussion on the weak coupling treatments, the strong coupling theory is reviewed. It is shown that the set of parameters determined by the normal state properties of the high-T c cuprates just give a transition temperature of the right order of magnitude. Among the parameters, the most sensitive one for T c is the frequency spread of the spin fluctuations. This fact enables us to present a possible unified picture of the antiferromagnetic spin fluctuation-induced superconductors, including heavy fermion superconductors and organic superconductors. This point of view may be confirmed to a certain extent by microscopic calculations based on the fluctuation exchange approximation for the two-dimensional Hubbard models representing not only the cuprates but also organic and trellis lattice compounds. The review is concluded with some discussions on future problems, e.g. the pseudo spin-gap in the under-doped region.