Published online by Cambridge University Press: 09 April 2009
Given a representation θ: A → B(H) of a Banach algebra A on a Hilbert space H, H is said to have the reduction property as an A—module if every closed invariant subspace of H is complemented by a closed invariant subspace; A has the total reduction property if for every representation θ: A → B(H), H has the reduction property.
We show that a C*—algebra has the total reduction property if and only if all its representations are similar to *—representations. The question of whether all C*-algebras have this property is the famous ‘similarity problem’ of Kadison.
We conjecture that non-self-adjoint operator algebras with the total reduction property are always isomorphic to C*-algebras, and prove this result for operator algebras consisting of compact operators.