Understanding the physics of glass formation remains one of the major unsolved challenges of condensed matter science. As a material solidifies into a glass, it exhibits a spectacular slowdown of the dynamics upon cooling or compression, but at the same time undergoes only minute structural changes. Among the numerous theories put forward to rationalize this complex behavior, Mode-Coupling Theory (MCT) stands out as the only framework that provides a fully first-principles-based description of glass phenomenology. This review outlines the key physical ingredients of MCT, its predictions, successes, and failures, as well as recent improvements of the theory. We also discuss the extension and application of MCT to the emerging field of non-equilibrium active soft matter
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