This volume contains the proceedings of a seminar on Algebraic $K$-theory and Algebraic Number Theory, held at the East-West Center in Honolulu in January 1987. The seminar, which hosted nearly 40 experts from the U.S. and Japan, was motivated by the wide range of connections between the two topics, as exemplified in the work of Merkurjev, Suslin, Beilinson, Bloch, Ramakrishnan, Kato, Saito, Lichtenbaum, Thomason, and Ihara. As is evident from the diversity of topics represented in these proceedings, the seminar provided an opportunity for mathematicians from both areas to initiate further interactions between these two areas.