We develop a theory of Einstein rings and demonstrate it using the infrared
Einstein ring images of the quasar host galaxies observed in PG 1115+080,
B1608+656, and B1938+666. The shape of an Einstein ring accurately and inde
pendently determines the shape of the lens potential and the shape of the l
ensed host galaxy. We find that the host galaxies of PG 1115+080, B1608+656
, and B1938+666 have axis ratios of 0.58 +/- 0.02, 0.69 +/- 0.02, and 0.62
+/- 0.14, respectively, including the uncertainties in the lens models. The
Einstein rings break the degeneracies in the mass distributions or Hubble
constants inferred from observations of gravitational lenses. In particular
, the Einstein ring in PG 1115+080 rules out the centrally concentrated mas
s distributions that lead to a high Hubble constant (H-o >60 km s(-1) Mpc(-
1)) given the measured time delays. Deep, detailed observations of Einstein
rings will be revolutionary for constraining mass models and determining t
he Hubble constant from time-delay measurements.