Algebraic K-theory describes a branch of algebra that centers about two functors. K0 and K1, which assign to each associative ring ∧ an abelian group K0∧ or K1∧ respectively. Professor Milnor sets out, in the present work, to define and study an analogous functor K2, also from associative rings to abelian groups. Just as functors K0 and K1 are important to geometric topologists, K2 is now considered to have similar topological applications. The exposition includes, besides K-theory, a considerable amount of related arithmetic.

Informally, $K$-theory is a tool for probing the structure of a mathematical object such as a ring or a topological space in terms of suitably parameterized vector spaces and producing important intrinsic invariants which are useful in the study of algebr

Algebraic K-theory describes a branch of algebra that centers about two functors. K0 and K1, which assign to each associative ring ∧ an abelian group K0∧ or K1∧ respectively. Professor Milnor sets out, in the present work, to define and study an analogous functor K2, also from associative rings to abelian groups. Just as functors K0 and K1 are important to geometric topologists, K2 is now considered to have similar topological applications. The exposition includes, besides K-theory, a considerable amount of related arithmetic.

From the Introduction: "These notes are taken from a course on algebraic K-theory [given] at the University of Chicago in 1967. They also include some material from an earlier course on abelian categories, elaborating certain parts of Gabriel's thesis. The results on K-theory are mostly of a very general nature."

An introduction to algebraic K-theory with no prerequisite beyond a first semester of algebra.