The Challenges of Modernity deals primarily with such perplexing issues as mass society, economic globalization and the prospects of an ecological collapse. However, despite the immensity of the challenges facing humanity in the modern era, at the outset of the 21st century, the author retains an optimistic tone as to whether these challenges can be addressed in an innovative and constructive manner -- if the necessary reform steps are taken in due time. According to the author, key steps in such a direction are decentralization, confederalism, locally oriented production and consumption, regionalized markets and mutual aid in general. The Challenges of Modernity will be of interest to the student of Economics as well as to the politically concerned public -- and particularly for those who worry about the ecological future of planet Earth.