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 ?
Nonetheless, a strong case can be made that Humanists can't be political conservatives.
Since then, Brock authored Blinded by the Right: The Conscience of an Ex-Conservative, a New York Times best-seller about his training as a political conservative.
While Mukasey is a political conservative of the first order, he is also, in the words of fellow New Yorker Schumer, "the kind of nominee who would put the rule of law first and show independence from the White House.
What may surprise most people - especially political conservatives - is No.
Optimists -- to which I count myself -- hope that an AKP setback this Sunday may set in motion a process of realignment within the ranks of Turkey's political conservatives, led by those who want to build a future for their party and their country outside the stranglehold of the Ak Saray strongman.
The conservatives learned how to use the religious rightwing to their advantage by commandeering public debate and ramping up what to the political conservatives were peripheral social issues.
They have entered an unholy alliance with political conservatives who also resist every sign of movement toward a multiracial, multi-cultural nation that honors its commitment to equality.
His presentation, he says, "will challenge original meaning theorists (most of whom are political conservatives and no friends of the LGBT rights movement) to demonstrate the asserted neutrality of their method by applying it fairly to marriage equality issues.
Nearly six in 10 Americans say electing more political moderates would improve the way the country is governed, while fewer say this about political conservatives (47%) and political liberals (33%).
Hayward should be commended for his thoughtful article, in which he explains why political conservatives do not want to confront the challenge of climate change.
But doing so also led political conservatives to forget how to appeal to other regions and traditions, with the result that the successful formula of 40 years ago now elicits diminishing returns.
But whether a "stingy" reading of statutes will appeal to political conservatives would seem to depend on the laws in question.