Symbolic dynamics and the stable algebra of matrices

We give an introduction to the "stable algebra of matrices" as related to certain problems in symbolic dynamics. We consider this stable algebra (especially, shift equivalence and strong shift equivalence) for matrices over general rings as well as various specific rings. This algebra is of independent interest and can be followed with little attention to the symbolic dynamics. We include strong connectionsto algebraic K-theory and the inverse spectral problem for nonnegative matrices. We also review key features of the automorphism group of a shift of finite type, and the work of Kim, Roush and Wagoner giving counterexamples to Williams' Shift Equivalence Conjecture.Comment: 121 pages. Main changes from version 1: Author and subject indices were added. Various citations were added, with commentary. Bibliography items are now listed with internal references (i.e., pages of the paper on which they are cited