This book develops a theory of formal power series in noncommuting variables, the main emphasis being on results applicable to automata and formal language theory. This theory was initiated around 196O-apart from some scattered work done earlier in connection with free groups-by M. P. Schutzenberger to whom also belong some of the main results. So far there is no book in existence concerning this theory. This lack has had the unfortunate effect that formal power series have not been known and used by theoretical computer scientists to the extent they in our estimation should have been. As...