We initiate an investigation into how much the existing theory of (nonselfadjoint)
operator algebras on a Hilbert space generalizes to algebras acting on
-spaces.
In particular we investigate the applicability of the theory of
real positivity, which has recently been useful in the study of
-operator
algebras and Banach algebras, to algebras of bounded operators on
-spaces.
In the process we answer some open questions on real positivity in Banach algebras
from work of Blecher and Ozawa.
Keywords
$L^p$-operator algebra, accretive, approximate identity,
Banach algebra, Kaplansky density, M-ideal, real positive,
smooth Banach space, strictly convex Banach space, state of
a Banach algebra, unitization