A left ideal of any -algebra is an example of an operator algebra with a
right contractive approximate identity (r.c.a.i.). Indeed left ideals in
-algebras may be characterized as the class of such operator algebras,
which happen also to be triple systems.
Conversely, we show here and in a sequel to this paper, that operator
algebras with r.c.a.i. should be studied in terms of a certain left ideal of a
-algebra. We study left ideals from the perspective of Hamana theory' and using the multiplier algebras introduced by the author. More generally, we develop some general theory for operator algebras which have a 1-sided identity or approximate identity, including a Banach-Stone theorem for these algebras, and an analysis of the multiplier operator algebra’.

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