Let $\to $ be a continuous $\protect \operatorname {\mathrm {[0,1]}}$ -valued function defined on the unit square $\protect \operatorname {\mathrm {[0,1]}}^2$ , having the following properties: (i) $x\to (y\to z)= y\to (x\to z)$ and (ii) $x\to y=1 $ iff $x\leq y$ . Let $\neg x=x\to 0$ . Then the algebra $W=(\protect \operatorname {\mathrm {[0,1]}},1,\neg ,\to )$ satisfies the time-honored Łukasiewicz axioms of his infinite-valued calculus. Let $x\to _{\text {\tiny \L }}y=\min (1,1-x+y)$ and $\neg _{\text {\tiny \L }}x=x\to _{\text {\tiny \L }} 0 =1-x.$ Then there is precisely one isomorphism $\phi $ of W onto the standard Wajsberg algebra $W_{\text {\tiny \L }}= (\protect \operatorname {\mathrm {[0,1]}},1,\neg _{\text {\tiny \L }},\to _{\text {\tiny \L }})$ . Thus $x\to y= \phi ^{-1}(\min (1,1-\phi (x)+\phi (y)))$ .

We show that if A is a stable basis algebra satisfying the distributivity condition, then B is a reduct of an independence algebra A having the same rank. If this rank is finite, then the endomorphism monoid of B is a left order in the endomorphism monoid of A.

If $A$ is a stable basis algebra of rank $n$, then the set $S_{n-1}$ of endomorphisms of rank at most $n-1$ is a subsemigroup of the endomorphism monoid of $A$. This paper gives a number of necessary and sufficient conditions for $S_{n-1}$ to be generated by idempotents. These conditions are satisfied by finitely generated free modules over Euclidean domains and by free left $T$-sets of finite rank, where $T$ is cancellative monoid in which every finitely generated left ideal is principal.

We consider algebras for which the operation PC of pure closure of subsets satisfies the exchange property. Subsets that are independent with respect to PC are directly independent. We investigate algebras in which PC satisfies the exchange property and which are relatively free on a directly independent generating subset. Examples of such algebras include independence algebras and dinitely generated free modules over principal ideal domains.