Economic Analysis

Vieta presented his analytic art as "the new algebra" and took its name from the ancient mathematical method of "analysis", which he understood to have been first discovered by Plato and so named by Theon of Smyrna. Ancient analysis is the 'general' half of a method of discovering the unknown in geometry; the other half, "synthesis", being particular in character. The method was defined by Theon like this: analysis is the "taking of the thing sought as granted and proceeding by means of what follows to a truth that is uncontested"'. Synthesis, in turn, is "taking the thing that is granted and proceeding by means of what follows to the conculsion and comprehension of the thing sought" (Vietae 1992: 320). The transition from analysis to synthesis was called "conversion", depending on whether the discovery of the truth of a geometrical theorem or the solution ("construction") to a geometrical problem was being demonstrated, the analysis was called respectively "theoretical" or "problematical".

[A]t the close of the Middle Ages, when the so-called Arabic figures became established throughout Europe with the symbol 0 and the principle of local value, immediate progress was made in the art of reckoning. The problems... led up to the general solutions of equations of the third and fourth degree by the Italian mathematicians of the sixteenth century. Yet even these discoveries were made in somewhat the same manner as problems in mental arithmetic are now solved in common schools; for the present signs of plus, minus, and equality, the radical and exponential signs, and especially the systematic use of letters for denoting general quantities in algebra, had not yet become universal. The last step was definitively due to... Vieta... and the mighty advancement of analysis resulting therefrom can hardly be measured or imagined.

The word Analysis signifies the general and particular heads of a discourse, with their mutual connections, both co-ordinate and subordinate, drawn out into one or more tables.