Strongly correlated electrons: Analytic mean-field theories with two-particle self-consistency

A two-particle self-consistency is rarely part of mean-field theories. It is, however, essential for avoiding spurious critical transitions and unphysical behavior. We present a general scheme for constructing analytically controllable approximations with self-consistent equations for the two-particle vertices based on the parquet equations. We explain in detail how to reduce the full set of parquet equations not to miss quantum criticality in strong coupling. We further introduce a decoupling of convolutions of the dynamical variables in the Bethe-Salpeter equations to make them analytically solvable. We connect the self-energy with the two-particle vertices to satisfy the Ward identity and the Schwinger-Dyson equation. We discuss the role of the one-particle self-consistency in making the approximations reliable in the whole spectrum of the input parameters. We demonstrate the general construction on the simplest static approximation that we apply to the Kondo behavior of the single-impurity Anderson model.