During the last few years, the theory of operator algebras, particularly non-self-adjoint operator algebras, has evolved dramatically, experiencing both international growth and interfacing with other important areas. The present volume presents a survey of some of the latest developments in the field in a form that is detailed enough to be accessible to advanced graduate students as well as researchers in the field. Among the topics treated are: operator spaces, Hilbert modules, limit algebras, reflexive algebras and subspaces, relations to basis theory, C* algebraic quantum groups, endomorphisms of operator algebras, conditional expectations and projection maps, and applications, particularly to wavelet theory. The volume also features an historical paper offering a new approach to the Pythagoreans' discovery of irrational numbers.