There are two schools of thought on how to best extend, enhance, and reuse code in an object-oriented system:
Inheritance: extend the functionality of a class by creating a subclass. Override superclass members in the subclasses to provide new functionality. Make methods abstract/virtual to force subclasses to "fill-in-the-blanks" when the superclass wants a particular interface but is agnostic about its implementation.
Aggregation: create new functionality by taking other classes and combining them into a new class. Attach an common interface to this new class for interoperability with other code.
What are the benefits, costs, and consequences of each? Are there other alternatives?
I see this debate come up on a regular basis, but I don't think it's been asked on Stack Overflow yet (though there is some related discussion). There's also a surprising lack of good Google results for it.