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The subject effects follow immediately from the assumption of the inequality of the two sets of Maxwell's material constants, one set for right-handed circularly polarized waves and and the other for left-handed circularly polarized waves. The Faraday magneto-optical effect is derived from phase considerations, and the Kerr magneto-optical effect is derived from impedance considerations.
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Claudia Luhrs (1952) studied this question.
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