We present a rigorous analysis of the role and uses of the adiabatic i
nvariant in the mixmaster dynamical system. We propose a new invariant
for the global dynamics which in some respects has an improved behavi
or over the commonly used one. We illustrate its behavior in a number
of numerical results. We also present a new formulation of the dynamic
s via catastrophe theory. We find that the change from one era to the
next corresponds to a fold catastrophe, during the Kasner shifts the p
otential is an implicit function form whereas, as the anisotropy dissi
pates, the mixmaster potential must become a Morse O-saddle. We compar
e and contrast our results to many known works on the mixmaster proble
m and indicate how extensions could be achieved. Further exploitation
of this formulation may lead to a clearer understanding of the global
mixmaster dynamics.