We investigate an extension of the quantum Ising model in one spatial dimension including long-range $1 / r^{alpha}$ interactions in its statics and dynamics with possible applications from heteronuclear polar molecules in optical lattices to trapped ions described by two-state spin systems. We introduce the statics of the system via both numerical techniques with finite size and infinite size matrix product states and a theoretical approaches using a truncated Jordan-Wigner transformation for the ferromagnetic and antiferromagnetic case and show that finite size effects have a crucial role shifting the quantum critical point of the external field by fifteen percent between thirty-two and around five-hundred spins. We numerically study the Kibble-Zurek hypothesis in the long-range quantum Ising model with Matrix Product States. A linear quench of the external field through the quantum critical point yields a power-law scaling of the defect density as a function of the total quench time. For example, the increase of the defect density is slower for longer-range models and the critical exponent changes by twenty-five per cent. Our study emphasizes the importance of such long-range interactions in statics and dynamics that could point to similar phenomena in a different setup of dynamical systems or for other models.
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