A rigorous derivation of the Schrödinger theory from the Pauli (or Dirac) theory implies that the Schrödinger equation describes an electron in an eigenstate of spin. Furthermore, the ground‐state kinetic energy is completely determined by the electron spin density. This can be explained by interpreting the spin as an orbital angular momentum, which is necessarily accompanied by a kinetic energy. Thus, thespinisazeropointangularmomentumassociatedwiththezeropointenergyoftheelectron. Since the dispersion in electron momentum is determined by the zero‐point energy, the Heisenberg uncertainty relations for an electron can be interpreted as a property of the electronspin motion. The kinetic interpretation of spin and the statistical interpretation of quantum mechanics can be jointly sustained by regarding the electron as a point particle. It follows that stationary electron states are sources of fluctuating electric fields. There is reason to believe that these fluctuating fields are responsible for the Van der Waals force and can be identified with electromagnetic vacuum field fluctuations. The kinetic interpretation of spin then implies that the Van der Waals forces are spin dependent. These ideas are not only consistent with the conventional mathematical formalism of quantum mechanics, they provide a more complete and coherent interpretation of many details in the formalism than does the alternative Copenhagen interpretation. They present some difficulties, however, which, if the kinetic interpretation of spin is correct, probably require some modification of quantum electrodynamics to be resolved.

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