We present a mesoscopic approach to analyse the dynamics of a single magnet
ic dipole under the influence of an oscillating magnetic field, based on th
e formulation of a Fokker-Planck equation. The dissipated power and the vis
cosity of a suspension of such magnetic dipoles are calculated from non-equ
ilibrium thermodynamics of magnetized systems. By means of this method we h
ave found a non-monotonous behaviour of the viscosity as a function of the
frequency of the field which has been referred to as the "negative" viscosi
ty effect. Moreover, we have shown that the viscosity depends on the vortic
ity field thus exhibiting non-Newtonian behaviour. Our analysis is compleme
nted with numerical simulations which reproduce the behaviour of the viscos
ity we have found and extend the scope of our analytical approach to higher
values of the magnetic field. (C) 1999 Elsevier Science B.V. All rights re
served.