Although the fully connected Ising model does not have a length scale, we show that its critical exponents can be found using finite size scaling with the scaling variable equal to N, the number of spins. We find that at the critical temperature of the infinite system the mean value and the most probable value of the magnetization scale differently with N, and the probability distribution of the magnetization is not a Gaussian, even for large N. Similar results inconsistent with the usual understanding of mean-field theory are found at the spinodal. We relate these results to the breakdown of hyperscaling and show how hyperscaling can be restored by increasing N while holding the Ginzburg parameter rather than the temperature fixed.
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