I don\'t know if you would call it the canonical formulation, but to bind a local function I am advised by the GNU manual to use \'flet\':
(defun adder-with-flet
I did a quick search of the Emacs lisp manual and couldn't find any reference to 'flet, which isn't terribly surprising since that is a part of cl - the common-lisp package.
let will do a local binding as well, but it won't bind to the "function cell" for that symbol.
i.e. This works:
(let ((myf (lambda (x) (list x x))))
(eval (list myf 3)))
but
(let ((myf (lambda (x) (list x x))))
(myf 3))
fails with the error: "Lisp error: (void-function myf)"
flet on the other hand, does do the binding to the function cell, so this works:
(flet ((myf (x) (list x x)))
(myf 3))
Notice the difference being that flet allows you to use the symbol myf directly, whereas the let does not - you have to use some indirection to get the function out of the "value cell" and apply that appropriately.
In your example, the 'mapcar' did the equivalent to my use of 'eval.