Title: Conserving approximations vs Two-Particle Self-Consistent Approach

Abstract: The conserving approximation scheme to many-body problems was developed by Kadanoff and Baym using the functional-derivative approach. Another approach for the Hubbard model also satisfies conservation laws, but in addition it satisfies the Pauli principle and a number of sum rules. A concise formal derivation of that approach, using functional derivatives, is given in this conference paper to highlight formal analogies and differences with conserving approximations.