We present a coarse-grained field theory of density fluctuations for a
Newtonian self-gravitating many-body system and apply it to a homogeneous
Universe with small density fluctuations. The theory treats the clustering of
galaxies and clusters in terms of the field of density fluctuations. The Jeans
length λ0, a unique physical scale for a gravitating system, appears
naturally as the characteristic scale underlying the large scale structure.
Under Gaussian approximation the analytic expressions of ξ(r) and P(k)
are obtained. The correlation amplitude is proportional to the galactic mass,
and is oscillating over large scales ∼100h−1 Mpc and damped to
zero. The spectrum amplitude is inversely proportional to the galactic number
density.The preliminary results qualitatively explain some pronounced features
of large scale structures.Comment: 7 pages, 4 figures. to appear in A&