conservatism

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Conservatism

The philosophy that what has been done should continue to be done as long as there is not a positive reason to change it. Conservatives may favor class distinctions as natural, or at least not harmful. In modern times, conservatism has become associated with the political right, or the belief that capitalism and the free market tend to best determine how an economy ought to be organized.

conservatism

or

prudence

see ACCOUNTING CONCEPTS.
References in periodicals archive ?
Univariate tests on each of the three SOCCS subscales (Attitudinal Awareness, Skills, and Knowledge) were conducted using political conservatism as a common covariate variable, because it was the only variable that met the a priori decision rule for all three subscales.
Closed-mindedness mediates the effect of threat on political conservatism.
Whatever the reason for the correlation between political conservatism and performance in business and finance related classes, their study suggests that political conservatism is associated with a higher aptitude for finance and other business subjects.
Factor analysis showed that SDO and conservatism were empirically different and that, as expected, males scored higher on SDO and political conservatism than women.
OEuvres completes (Paris: Hachette, 1904-14)), that obscures the true radicalism of the Caracteres, present in the ways in which La Bruyere, for all his political conservatism and religious orthodoxy, shocks the reader into seeing things in a new and disconcerting light.
His argument is straightforward: "Graham's commitments to political conservatism, as well as an evangelical theology marked by individualism and otherworldliness, precluded his ministry from ever becoming even a pale imitation of King's.
On the one hand, the party state has continued to play a significant role in manipulating public opinion, as evidenced by rising political conservatism and a declining sense of political efficacy in the 1990s.
Extending this logic to the res publica, Loris Petris astutely notes the link between Neo-Stoicism and political conservatism among Renaissance magistrates, who typically view social and governmental injustice as a trial to be endured rather than changed.
Early liberal satirists helped oppose the nation's leaders and their policies, providing an alternative to political conservatism during the 1950s and 60s: REVEL WITH A CAUSE focuses on the use of comedy and satire to prove alternative commentary and nonconforming ideas to the public.
It concerns whether the changed policies and laws that today's Liberal party have advocated reflect a qualitative change in political conservatism in this country.
Skepticism and modern political conservatism have been linked together since at least the time of the French Revolution.