Mesoscopic physics deals with effects at submicron and nanoscales where the conventional wisdom of macroscopic averaging is no longer applicable. A wide variety of new devices have recently evolved, all extremely promising for major novel directions in technology, including carbon nanotubes, ballistic quantum dots, hybrid mesoscopic junctions made of different type of normal, superconducting and ferromagnetic materials. This, in turn, demands a profound understanding of fundamental physical phenomena on mesoscopic scales. As a result, the forefront of fundamental research in condensed matter...