Together with M. Boyle and D.
Huang (2000), this paper gives an alternate development of the Huang classification
of shifts of finite type up to flow equivalence, and provides additional functorial
information, used to analyze the action of the mapping class group of the
mapping torus of a shift of finite type on the “isotopy futures” group, which
is introduced here. For a shift of finite type σA, this group is isomorphic
to the Bowen-Franks group cok(I − A). The action on the isotopy futures
group of a subshift is the flow equivalence analogue of the dimension group
representation.