Theories of Aging
Sir Peter Medawar (who won the Nobel Prize in Physiology or Medicine in 1960 "for discovery of acquired immunological tolerance" (along with Sir Frank Macfarlane Burnet, who was Australian - did I ever mention I'm Australian?)) suggested in 1952 that because organisms are exposed to constant sources of DNA damage such as background radiation and toxic chemicals, repair systems will eventually be overwhelmed. As mutations accumulate the cells become less and less capable of maintaining normal metabolism, and eventually they age and die.
A different take was presented by George Williams in 1957. He reasoned that natural selection operates far more strongly on young organisms in the reproductive phase of their life cycle than it does when they have already survived to adulthood and reproduced. So genes which produce traits which are beneficial in early life but damaging in later life (hence the 'antagonistic') are likely to persist and spread in a population. 'Pleiotropy' simply means the control by one gene of several different traits, in this case those that benefit the young and impair the old. So under this theory aging is the price we pay for youthful fitness benefits.
In 1977 Tom Kirkwood propsed the 'disposable soma' theory of aging, which pretty much subsumes the other two theories in a pretty neat way. I'll cover disposable soma in more detail next time; right now I'd better get back to a conference paper I'm writing.