Abstract
We study the vacuum structure and dyon spectrum of N=2 supersymmetric gauge theory in four dimensions, with gauge group SU(2). The theory turns out to have remarkably rich and physical properties which can nonetheless be described precisely; exact formulas can be obtained, for instance, for electron and dyon masses and the metric on the moduli space of vacua. The description involves a version of Olive-Montonen electric-magnetic duality. The ``strongly coupled'' vacuum turns out to be a weakly coupled theory of monopoles, and with a suitable perturbation confinement is described by monopole condensation.
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