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

From the Preface: K-theory was introduced by A. Grothendieck in his formulation of the Riemann- Roch theorem. For each projective algebraic variety, Grothendieck constructed a group from the category of coherent algebraic sheaves, and showed that it had many nice properties. Atiyah and Hirzebruch considered a topological analog defined for any compact space X, a group K{X) constructed from the category of vector bundles on X. It is this ''topological K-theory" that this book will study. Topological K-theory has become an important tool in topology. Using K- theory, Adams and Atiyah were able to give a simple proof that the only spheres which can be provided with H-space structures are S1, S3 and S7. Moreover, it is possible to derive a substantial part of stable homotopy theory from K-theory. The purpose of this book is to provide advanced students and mathematicians in other fields with the fundamental material in this subject. In addition, several applications of the type described above are included. In general we have tried to make this book self-contained, beginning with elementary concepts wherever possible; however, we assume that the reader is familiar with the basic definitions of homotopy theory: homotopy classes of maps and homotopy groups.Thus this book might be regarded as a fairly self-contained introduction to a "generalized cohomology theory".

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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."

Algebraic K-Theory is crucial in many areas of modern mathematics, especially algebraic topology, number theory, algebraic geometry, and operator theory. This text is designed to help graduate students in other areas learn the basics of K-Theory and get a feel for its many applications. Topics include algebraic topology, homological algebra, algebraic number theory, and an introduction to cyclic homology and its interrelationship with K-Theory.

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.