What is electron spin?
Each electron in an atom has associated with it a magnetic field whose direction is quantized; there are only two possible values that point in opposite directions. We usually refer to these as “up” and “down”, but the actual directions are parallel and antiparallel to the local magnetic field associated with the orbital motion of the electron. The term spin implies that this magnetic moment is produced by the electron charge as the electron rotates about its own axis. Although this conveys a vivid mental picture of the source of the magnetism, the electron is not an extended body and its rotation is meaningless. Electron spin has no classical counterpart; the magnetic moment is a consequence of relativistic shifts in local space and time due to the high effective velocity of the electron in the atom. This effect was predicted theoretically by P.A.M. Dirac in 1928.