There is a well known mathematical similarity between two dimensional classical polarization optics and two level quantum systems, where the Poincare and Bloch spheres are identical mathematical structures. This analogy implies classical degree of polarization and quantum purity are in fact the same quantity. We make extensive use of this analogy to analyze various measures of polarization for higher dimensions proposed in the literature, and in particular, the N = 3 case, illustrating interesting relationships that emerge as well the advantages of each measure. We also propose a possible new class of measures of entanglement based on purity of subsystems.