What are the advantages and limitations of dynamic type languages compared to static type languages?
See also: whats with the love of dynamic languages (a far more argumentative thread…)
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The ability of the interpreter to deduce type and type conversions makes development time faster, but it also can provoke runtime failures which you just cannot get in a statically typed language where you catch them at compile time. But which one’s better (or even if that’s always true) is hotly discussed in the community these days (and since a long time).
A good take on the issue is from Static Typing Where Possible, Dynamic Typing When Needed: The End of the Cold War Between Programming Languages by Erik Meijer and Peter Drayton at Microsoft: