This book gives a new foundation for the theory of links in 3-space modeled on the modern developmentby Jaco, Shalen, Johannson, Thurston et al. of the theory of 3-manifolds. The basic construction is a method of obtaining any link by "splicing" links of the simplest kinds, namely those whose exteriors are Seifert fibered or hyperbolic. This approach to link theory is particularly attractive since most invariants of links are additive under splicing...