  Part of the field dependent dissipation in ferrofluids occurs due to the
rotational motion of the ferromagnetic grains relative to the viscous flow of
the carrier fluid. The classical theoretical description due to Shliomis uses a
mesoscopic treatment of the particle motion to derive a relaxation equation for
the non-equilibrium part of the magnetization. Complementary, the hydrodynamic
approach of Liu involves only macroscopic quantities and results in dissipative
Maxwell equations for the magnetic fields in the ferrofluid. Different stress
tensors and constitutive equations lead to deviating theoretical predictions in
those situations, where the magnetic relaxation processes cannot be considered
instantaneous on the hydrodynamic time scale. We quantify these differences for
two situations of experimental relevance namely a resting fluid in an
oscillating oblique field and the damping of parametrically excited surface
waves. The possibilities of an experimental differentiation between the two
theoretical approaches is discussed.
