Bounded arithmetic is a collective name for a family of weak subtheories of Peano arithmetic. Such theories are typically obtained by requiring that quantifiers be bounded in the induction axiom or equivalent postulates (a bounded quantifier is of the form ∀x ≤ t or ∃x ≤ t, where t is a term not containing x). The main purpose is to characterize one or another class of computational complexity in the sense that a function is provably total if and only if it belongs to a given complexity class. Further, theories of bounded arithmetic present uniform counterparts to standard propositional proof systems such as Frege system and are, in particular, useful for constructing polynomial-size proofs in these systems. The characterization of standard complexity classes and correspondence to propositional proof systems allows to interpret theories of bounded arithmetic as formal systems capturing various levels of feasible reasoning (see below).
The approach was initiated by Rohit Jivanlal Parikh[1] in 1971, and later developed by Samuel R. Buss. [2] and a number of other logicians.