The measure of greatness in a scientific idea is the extent to which it stimulates thought and opens up new lines of research.

There is in my opinion a great similarity between the problems provided by the mysterious behavior of the atom and those provided by the present economic paradoxes confronting the world.

God used beautiful mathematics in creating the world.

The physicist, in his study of natural phenomena, has two methods of making progress: (1) the method of experiment and observation, and (2) the method of mathematical reasoning. The former is just the collection of selected data; the latter enables one to infer results about experiments that have not been performed. There is no logical reason why the second method should be possible at all, but one has found in practice that it does work and meets with reasonable success.

The underlying physical laws necessary for the mathematical theory of a large part of physics and the whole of chemistry are thus completely known, and the difficulty is only that the exact application of these laws leads to equations much too complicated to be soluble. It therefore becomes desirable that approximate practical methods of applying quantum mechanics should be developed, which can lead to an explanation of the main features of complex atomic systems without too much computation.

It was not until some weeks later that I realized there is no need to restrict oneself to 2 by 2 matrices. One could go on to 4 by 4 matrices, and the problem is then easily soluable. In retrospect, it seems strange that one can be so much held up over such an elementary point. The resulting wave equation for the electron turned out to be very successful. It led to correct values for the spin and the magnetic moment. This was quite unexpected. The work all followed from a study of pretty mathematics, without any thought being given to these physical properties of the electron.

I should like to suggest to you that the cause of all the economic troubles is that we have an economic system which tries to maintain an equality of value between two things, which it would be better to recognise from the beginning as of unequal value.