The quantum physics of normal metal nanoparticles can be understood simply
by recognizing the discreteness of individual electron eigenenergies and th
e dominant role played by Coulomb interactions in determining the rate at w
hich the chemical potential increases with electron number. Ferromagnetic m
etal nanoparticles, on the other hand, have collective magnetization degree
s of freedom that are responsible for additional low energy excitations. We
discuss some issues that arise in attempting to achieve a unified and cons
istent quantum description of both collective and quasiparticle physics in
magnetic metal nanoparticles, especially when acknowledging the essential r
ole of spin-orbit coupling and the magnetic anisotropy it produces. (C) 200
1 Elsevier Science Ltd, All rights reserved.