We outline basic principles of a canonical formalism for the Nambu mec
hanics - a generalization of Hamiltonian mechanics proposed by Yoichir
o Nambu in 1973. It is based on the notion of a Nambu bracket, which g
eneralizes the Poisson bracket a ''binary'' operation on classical obs
ervables on the phase space - to the ''multiple'' operation of higher
order n greater-than-or-equal-to 3. Nambu dynamics is described by the
phase flow given by Nambu-Hamilton equations of motion - a system of
ODE's which involves n - 1 ''Hamiltonians.'' We introduce the fundamen
tal identity for the Nambu bracket - a generalization of the Jacobi id
entity - as a consistency condition for the dynamics. We show that Nam
bu bracket structure defines a hierarchy of infinite families of ''sub
ordinated'' structures of lower order, including Poisson bracket struc
ture, which satisfy certain matching conditions. The notion of Nambu b
racket enables us to define Nambu Poisson manifolds - phase spaces for
the Nambu mechanics, which turn out to be more ''rigid'' than Poisson
manifolds - phase spaces for the Hamiltonian mechanics. We introduce
the analog of the action form and the action principle for the Nambu m
echanics. In its formulation, dynamics of loops (n - 2-dimensional cha
ins for the general n-ary case) naturally appears. We discuss several
approaches to the quantization of Nambu mechanics, based on the deform
ation theory, path integral formulation and on Nambu-Heisenberg ''comm
utation'' relations. In the latter formalism we present an explicit re
presentation of the Nambu-Heisenberg relation in the n = 3 case. We em
phasize the role ternary and higher order algebraic operations and mat
hematical structures related to them play in passing from Hamilton's t
o Nambu's dynamical picture.