Theoretical issues pertaining to the modelling of jets in young stellar objects and in active galactic nuclei are reviewed. The strong morphological similarities between these two types of sources are emphasized, and observational constraints on the basic physical mechanisms that may be responsible for the jet phenomenon are outlined. Particular attention is given to the "momentum-discharge problem" in molecular-cloud outflows and to its possible resolution in terms of a centrifugally driven magnetohydrodynamic wind from an accretion disk. In addition, various propagation effects are discussed, and the relevance to stellar jets of the de Laval collimation mechanism and of the accelerated-clump model for emission knots is assessed. The review concludes with a brief list of potentially useful observational tests.