The Aharonov-Bohm effect: reality and folklore

The Aharonov-Bohm (A-B) effect has been a major focus of the foundations of physics. And yet, much confusion persists. In particular, the effect purportedly leads to a dilemma: on one horn, we have a non-local action of a gauge-invariant quantity on charged particles; on the other, we get a local action on these particles, but of a non-gauge invariant quantity. This is the folklore, but the folklore is filled with misconceptions. Here, by deploying a recently defended formulation of gauge theory that dispenses with principal bundles, gauge potentials, and explicit gauge symmetries, I argue, with previous authors, that the A-B effect can be understood gauge-independently. But here my argument will go further: I will show that the A-B effect, when expressed in terms of the covariant derivative of a vector bundle, is \emph{entirely} analogous to the holonomy of spacetime vectors, and can be understood completely locally. The only surprising idea illustrated by the A-B effect is that, in some circumstances, there is more to the covariant derivative than can be accounted for by the curvature and underlying topology of a vector bundle.