Book excerpt: This book provides a comprehensive review of the theory of phase transitions and its modern applications, based on the five pillars of the modern theory of phase transitions: the Ising model, mean field, scaling, renormalization group and universality. This expanded second edition includes, along with a description of vortices and high temperature superconductivity, a discussion of phase transitions in chemical reactions and moving systems. The book covers the close connection between phase transitions and small world phenomena as well as scale-free systems such as the stock market and the Internet.