Where is the diamagnetism of the nucleon?
The problem of the missing diamagnetism of the nucleon
is discussed from the view point
of the constituent quark model,
dispersion relations, chiral
perturbation theory, and the
quark-level linear sigma model.
It is argued that the pion cloud of the nucleon is not
sufficient
to compensate a large paramagnetic
contribution from the Delta isobar
and that there are other large
effects related with the electromagnetic
susceptibility of the quark
vacuum in the nucleon.
An evidence for such effects in the recent experiment
LARA
is briefly discussed.