Let K be a commutative field, V a finite dimensional vector space over K, S=⨁n≥0Sn the symmetric algebra of V, s an endomorphism of V, and s(n) the canonical extension of s to Sn. Then, with T denoting an indeterminate, we have in K[[T]]
n=0∑∞Tr(s(n))Tn=(det(1−sT))−1.
Extending the base field if necessary, we can assume that K is algebraically closed. Let (e1,…,er) be a basis of V with respect to which the matrix of s is lower triangular, and let λ1,…,λr be the diagonal elements of this matrix. With respect to the basis (e1i(1)…eri(r))i(1)+⋯+i(r)=n of Sn, ordered lexicographically, the matrix of s(n) is lower triangular and its diagonal elements are the products λ1i(1)…λri(r). Thus
Tr(s(n))=i(1)+⋯+i(r)=n∑λ1i(1)…λri(r),
and consequently
n=0∑∞Tr(s(n))Tn=(n=0∑∞λ1nTn)(n=0∑∞λ2nTn)…(n=0∑∞λrnTn)=(1−λ1T)−1(1−λ2T)−1…(1−λrT)−1=(det(1−sT))−1.
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.
Nothing.