ABSTRACT The major approaches to belief revision and non monotonic reasoning proposed in the literature differ along a number of dimensions, including whether they are “syntax- based” or “semantic-based”, “foundational” or “coherentist”, “consistence-restoring” or “inconsistency-tolerant”. Our contribution towards clarifying the connections between these various approaches is threefold: •We show that the two main approaches to belief revision, the foundations and coherence theories, are mathematically equivalent, thus answering a question left open in [Gar90, Doy92], The distinction between syntax-based approaches to revision (...) and approaches based on (semantic) preferential structures falls along similar lines, and their expressive equivalence is a consequence of this result. •We formally clarify the connection between belief revision and non monotonic reasoning, in a particularly simple way which also throws light on the connection between consistence- restoring and reasoning-from-inconsistency approaches [BDP95]. •As a direct application of the above, we show that Poole's (syntax-based) system of default reasoning and Shoham's preferential semantic for non monotonic reasoning are also expressively equivalent, in that they can represent the same set of non monotonic consequence relations. (shrink)