Grand Unified Theories
In more recent years, a new class of theories has also suggested the existence of magnetic monopoles.
During the early 1970s, the successes of quantum field theory and gauge theory in the development of electroweak theory and the mathematics of the strong nuclear force led many theorists to move on to attempt to combine them in a single theory known as a Grand Unified Theory (GUT). Several GUTs were proposed, most of which implied the presence of a real magnetic monopole particle. More accurately, GUTs predicted a range of particles known as dyons, of which the most basic state was a monopole. The charge on magnetic monopoles predicted by GUTs is either 1 or 2 gD, depending on the theory.
The majority of particles appearing in any quantum field theory are unstable, and they decay into other particles in a variety of reactions that must satisfy various conservation laws. Stable particles are stable because there are no lighter particles into which they can decay and still satisfy the conservation laws. For instance, the electron has a lepton number of one and an electric charge of one, and there are no lighter particles that conserve these values. On the other hand, the muon, essentially a heavy electron, can decay into the electron plus two quanta of energy, and hence it is not stable.
The dyons in these GUTs are also stable, but for an entirely different reason. The dyons are expected to exist as a side effect of the "freezing out" of the conditions of the early universe, or a symmetry breaking. In this scenario, the dyons arise due to the configuration of the vacuum in a particular area of the universe, according to the original Dirac theory. They remain stable not because of a conservation condition, but because there is no simpler topological state into which they can decay.
The length scale over which this special vacuum configuration exists is called the correlation length of the system. A correlation length cannot be larger than causality would allow, therefore the correlation length for making magnetic monopoles must be at least as big as the horizon size determined by the metric of the expanding universe. According to that logic, there should be at least one magnetic monopole per horizon volume as it was when the symmetry breaking took place.
Cosmological models of the events following the big bang make predictions about what the horizon volume was, which lead to predictions about present-day monopole density. Early models predicted an enormous density of monopoles, in clear contradiction to the experimental evidence. This was called the "monopole problem". Its widely-accepted resolution was not a change in the particle-physics prediction of monopoles, but rather in the cosmological models used to infer their present-day density. Specifically, the discovery of cosmic inflation drastically reduced the predicted number of magnetic monopoles, to a density small enough to make it unsurprising that humans have never seen one—with as few as one monopole predicted to be present in the entire visible universe. This resolution of the "monopole problem" was regarded as a success of cosmic inflation theory. (However, of course, it is only a noteworthy success if the particle-physics monopole prediction is correct.) For these reasons, monopoles became a major interest in the 1970s and 80s, along with the other "approachable" predictions of GUTs such as proton decay.
Many of the other particles predicted by these GUTs were beyond the abilities of current experiments to detect. For instance, a wide class of particles known as the X and Y bosons are predicted to mediate the coupling of the electroweak and strong forces, but these particles are extremely heavy and well beyond the capabilities of any reasonable particle accelerator to create.
Read more about this topic: Magnetic Monopole
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