The flow of weights of Connes and Takesaki is a canonical functor from the
category of separable factors to the category of ergodic flows. The nun-com
mutative flow of weights is another canonical functor from the category of
separable factors lo the category of covariant systems of semi-finite von N
eumann algebras equipped with trace scaling one parameter auromorphism grou
ps with conjugations as morphisms. The constructions of these two functors
are very similar. The flow of weights functor is obtained by looking at all
semi-finite normal weights on a factor with the Murray von Neumann equival
ence relation. The non-commutative flow of weights functor is obtained by r
elating an arbitrary pair of faithful semi-finite normal weights by the Con
nes cocycle. Not only does this construction put a period to the search Ibr
a canonical construction of the core of a factor of type III. but it also,
allows us to put the characteristic square of a factor obtained bq Katayam
a, Sutherland. and Takesaki in a new perspective. The power of this new app
roach is seen in an ultimate solution to a long standing question of extend
ing the extended modular automorphism of a dominant weight to an arbitrary
weight, which has been left open ever since the introduction of extended mo
dular automorphisms by Connes and Takesaki over 20 years ago. The construct
ion of the functor ties together the theory of L-P-spaces of Haagerup, Kosa
ki, Hilsum, Terp, and Izumi to the structure theory of a factor of type III
. In Fact, the non-commutative flow of weights is obtained by the analytic
continuation of LP-spaces to a pure imaginary value of p. (C) 2001 Academic
Press.