Let
be a topological
semigroup and
be the space of bounded continous functions on
.
The space of translation invariant, bounded, linear functionals on
and its connection
with the structure of
,
are investigated in this paper. For topological groups
, not
necessarily locally compact, the space of bounded, linear, translation invariant functionals,
on the space
of bounded uniformly continuous functions, is also investigated and its connection with the
structure of
pointed out. The obtained results are applied to the study of the radical of the convolution
algebra
(for locally compact groups, or for subgroups of locally convex linear
topological spaces) and some results which seem to be unknown even when
is
taken to be the real line are obtained.