Hysteretic rate-independent constitutive laws are introduced within the fra
mework of continuum thermodynamics with internal variables and revisited us
ing concepts and arguments related to dynamical system theory. The evolutio
n of internal variables is formulated either by a system of differential eq
uations or by the associated phase flow. The restrictions implied by rate i
ndependence and thermodynamics are pointed out. Within this framework, the
class of models with Masing hysteretic rules and Bouc endochronic relations
are reviewed, and notions such as irreversibility, noninvertibility, and m
emory effects are discussed having recourse to different choices of interna
l variables. By introducing plastic strain as the internal variable, thermo
dynamic admissibility is proved for both models. However, while the process
es with Masing rules exhibit a limited memory and are therefore noninvertib
le, the processes based on Bouc models are shown to have full memory and to
be invertible though irreversible.