We develop a general framework to analyze the two important and much discussed questions concerning (a) `orbital and `spin angular momentum carried by light and (b) the paraxial approximation of the free Maxwell system both in the classical as well as quantum domains. After formulating the classical free Maxwell system in the transverse gauge in terms of complex analytical signals we derive expressions for the constants of motion associated with its Poincar{e} symmetry. In particular, we show that the constant of motion corresponding to the total angular momentum ${bf J}$ naturally splits into an `orbital part ${bf L}$ and a `spin part ${bf S}$ each of which is a constant of motion in its own right. We then proceed to discuss quantization of the free Maxwell system and construct the operators generating the Poincar{e} group in the quantum context and analyze their algebraic properties and find that while the quantum counterparts $hat{{bf L}}$ and $hat{{bf S}}$ of ${bf L}$ and ${bf S}$ go over into bona fide observables, they fail to satisfy the angular momentum algebra precluding the possibility of their interpretation as `orbital and `spin operators at the classical level. On the other hand $hat{{bf J}}=hat{{bf L}}+ hat{{bf S}}$ does satisfy the angular momentum algebra and together with $hat{{bf S}}$ generates the group $E(3)$. We then present an analysis of single photon states, paraxial quantization both in the scalar as well as vector cases, single photon states in the paraxial regime. All along a close connection is maintained with the Hilbert space $mathcal{M}$ that arises in the classical context thereby providing a bridge between classical and quantum descriptions of radiation fields.
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