The study of the polarization state of light offers a number of unique spectroscopic opportunities. These arise from the astonishing accuracy and virtually unlimited dynamic range of polarization measurements and the amazing sensitivity of the light polarization state to the optical properties of a medium. This sensitivity is a result of the fact that polarization phenomena are essentially vectorial interference effects. Since the beginning of the twentieth century, polarization spectroscopy has been systematically used, and has produced exciting results, in materials science, chemistry, biology and physics, and for testing fundamental laws of symmetry in nature. Polarization instability in lasers and formation of two-dimensional patterns a...