Algebraic cobordism

Together with F. Morel, we have constructed in \cite{CR, Cobord1, Cobord2} a theory of {\em algebraic cobordism}, an algebro-geometric version of the topological theory of complex cobordism. In this paper, we give a survey of the construction and main results of this theory; in the final section, we propose a candidate for a theory of higher algebraic cobordism, which hopefully agrees with the cohomology theory represented by the $\P^1$-spectrum $MGL$ in the Morel-Voevodsky stable homotopy category.