We discuss the foundations of a new formalism presented elsewhere for
the construction of a detailed model of hierarchical clustering via gr
avitational instability from an initial random Gaussian field of densi
ty fluctuations. Similarly to other formalisms the new one also deals
with clustering through the filtering process of the density field at
an arbitrary fixed early epoch. Its interest relies on the fact that i
t is fully justified and, as an extra bonus, it makes the important pr
actical distinction between accretion and mergers. In the present pape
r we try to clarify why such a simple approach is able to provide a co
rrect statistical description of the growth history of objects.