On spectral radius and power series in m-convex algebras (Q1976022)

The Cauchy-Hadamard type formula for the spectral radius of an element of a Banach algebra does not generalize easily to the case of locally convex algebras. If \(A\) is a complete metrizable locally convex algebra whose system of seminorms \(s_i\) satisfies: \[ s_i(x)\leq s_{i+1}(x),\quad s_i(xy)\leq s_{i+1}(x) s_{i+1}(y), \] then one can define the local spectral radii: \[ r_i(x)= \lim_{n\to\infty} s_i(x^n)^{1/n}, \] and ask about the relevance of \[ R(x)= \sup_i r_i(x) \] as a true spectral radius of the element \(x\in A\). A couple of simple but definite results contained in the note under review show that indeed this is the case (for \(R\) to be a good spectral radius). Some function algebras examples add the necessary motivation to the theoretical discussion.