Re post #9, Let me remark on the role of 1/z from the viewpoint of functional analysis as I understand it, and in relation to the insightful remarks of Svein. To me functional analysis is the analysis of linear operators on Banach space, of which spaces the particular examples L^p are of basic interest. You seem to have meant to ask which of these particular spaces, if any, the function 1/z belongs to, and you have received answers of that nature.
Beyond a study of examples of specific Banach spaces, functional analysis deals more deeply with the behavior of, and structure of, linear operators on these spaces, e.g. such as integral operators on function spaces. In that study it is fundamental to study the construction of new operators out of old, and the decomposition of arbitrary operators into combinations of standard ones.
Just as in finite dimensions it is crucial to examine the result of operators defined by applying polynomials to linear operators, so in infinite dimensions does it become important to apply more general functions, in particular holomorphic and rational functions to given operators. A fundamental question is whether a given operator has an inverse, say an operator of form (T-cI), and the inverse of this operator may be sought by substituting T into the rational function 1/(z-c). The theory of complex path integration, i.e. complex residues, is crucial here.
Some comments on the evaluation of rational functions at linear operators can be found in the fundamental reference Functional Analysis, by Riesz-Nagy, pages 422, 431. I hope this may be of interest.