Nearly one decade after the first observation of Bose-Einstein condensation in atom vapors and realization of matter-wave (atom) lasers, similar concepts have been demonstrated recently for polaritons: half-matter, half-light quasiparticles in semiconductor microcavities. The half-light nature of polaritons makes polariton lasers promising as a new source of coherent and nonclassical light with extremely low threshold energy. The half-matter nature makes polariton lasers a unique test bed for many-body theories and cavity quantum electrodynamics. In this article, we present a series of experimental studies of a polariton laser, exploring its properties as a relatively dense degenerate Bose gas and comparing it to a photon laser achieved in the same structure. The polaritons have an effective mass that is twice the cavity photon effective mass, yet seven orders of magnitude less than the hydrogen atom mass; hence, they can potentially condense at temperatures seven orders of magnitude higher than those required for atom Bose-Einstein condensations. Accompanying the phase transition, a polariton laser emits coherent light but at a threshold carrier density two orders of magnitude lower than that needed for a normal photon laser in a same structure. It also is shown that, beyond threshold, the polariton population splits to a thermal equilibrium Bose-Einstein distribution at in-plane wave number k ʈ > 0 and a nonequilibrium condensate at kʈ ϳ 0, with a chemical potential approaching to zero. The spatial distributions and polarization characteristics of polaritons also are discussed as unique signatures of a polariton laser. E xperimentally realized macroscopic degenerate boson systems, such as lasers, superfluid He 3 and He 4 , the Bardeen-CooperSchreiffer state in superconductors, and Bose-Einstein condensation (BEC) of atomic vapors, have deepened our fundamental understanding of macroscopic quantum orders and led to novel research tools as well as applications. A missing member from the family has been a macroscopically ordered state of weakly interacting bosons in condensed matter systems. Exciton and polariton BECs are the most promising candidates in this category. Since they were first proposed in the 1960s (1-3), tremendous efforts have been engaged in the search (4-13). Exciton and polariton BECs are attractive yet elusive because of the complications inherent to solid-state systems with strong Coulomb interactions. It is a formidable task to describe the excitations in solids in full detail. The common approach is to treat the stable ground state of an isolated system as a quasivacuum and to introduce quasiparticles as units of elementary excitation, which only weakly interact with each other. An exciton is a typical example of such a quasiparticle. As a result of optical excitation from the crystal ground state, an exciton consists of a bound pair of an electron and hole whose Coulomb interaction serves as the binding energy. Excitons have integral total spin, thus they behave like bosons, weakly interac...