Algebraic K-theory and trace invariants

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The cyclotomic trace of Bökstedt-Hsiang-Madsen, the subject of Bökstedt's lecture at the congress in Kyoto, is a map of pro-abelian groups K_*(A) -> TR_*^.(A;p) from Quillen's algebraic K-theory to a topological refinement of Connes' cyclic homology. Over the last decade, our understanding of the target and its relation to K-theory has been significantly advanced. This and possible future development is the topic of my lecture.

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