Why This Book: The theory of von Neumann algebras has been growing in leaps and bounds in the last 20 years. It has always had strong connections with ergodic theory and mathematical physics. It is now beginning to make contact with other areas such as differential geometry and K-Theory. There seems to be a strong case for putting together a book which (a) introduces a reader to some of the basic theory needed to appreciate the recent advances, without getting bogged down by too much technical detail; (b) makes minimal assumptions on the reader's background; and (c) is small enough in size to not test the stamina and patience of the reader. This book tries to meet these requirements. In any case, it is just what its title proclaims it to be -- an invitation to the exciting world of von Neumann algebras. It is hoped that after perusing this book, the reader might be tempted to fill in the numerous (and technically, capacious) gaps in this exposition, and to delve further into the depths of the theory. For the expert, it suffices to mention here that after some preliminaries, the book commences with the Murray - von Neumann classification of factors, proceeds through the basic modular theory to the III). classification of Connes, and concludes with a discussion of crossed-products, Krieger's ratio set, examples of factors, and Takesaki's duality theorem.

This book offers a comprehensive introduction to the general theory of C*-algebras and von Neumann algebras. Beginning with the basics, the theory is developed through such topics as tensor products, nuclearity and exactness, crossed products, K-theory, and quasidiagonality. The presentation carefully and precisely explains the main features of each part of the theory of operator algebras; most important arguments are at least outlined and many are presented in full detail.

The first book devoted to the general theory of finite von Neumann algebras.

Mathematics for infinite dimensional objects is becoming more and more important today both in theory and application. Rings of operators, renamed von Neumann algebras by J. Dixmier, were first introduced by J. von Neumann fifty years ago, 1929, in [254] with his grand aim of giving a sound founda tion to mathematical sciences of infinite nature. J. von Neumann and his collaborator F. J. Murray laid down the foundation for this new field of mathematics, operator algebras, in a series of papers, [240], [241], [242], [257] and [259], during the period of the 1930s and early in the 1940s. In the introduction to this series of investigations, they stated Their solution 1 {to the problems of understanding rings of operators) seems to be essential for the further advance of abstract operator theory in Hilbert space under several aspects. First, the formal calculus with operator-rings leads to them. Second, our attempts to generalize the theory of unitary group-representations essentially beyond their classical frame have always been blocked by the unsolved questions connected with these problems. Third, various aspects of the quantum mechanical formalism suggest strongly the elucidation of this subject. Fourth, the knowledge obtained in these investigations gives an approach to a class of abstract algebras without a finite basis, which seems to differ essentially from all types hitherto investigated. Since then there has appeared a large volume of literature, and a great deal of progress has been achieved by many mathematicians.

Since the treatment is from the beginning (real Banach and Hilbert spaces, real Banach algebras,

From the reviews: "This book is an excellent and comprehensive survey of the theory of von Neumann algebras. It includes all the fundamental results of the subject, and is a valuable reference for both the beginner and the expert." Mathematical Reviews