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 ?
Reform depends on political will and is obstructed by resistance from powerful and entrenched ultra-conservative circles whose tentacles reach beyond the ulema and the administrators of madrassas.
Successive Pakistani governments benefitted and abetted almost half a century of massive Saudi funding of ultra-conservative thinking in a bid to enhance Saudi soft power and counter more nationalist, revolutionary, and liberal worldviews.
Abdul Ghaffour, an aide to President Mohamad Morsi, added that some former senior officials in Al-Nur have made an alliance with other ultra-conservative Islamists, including Hazem Salah Abu Ismail, in order to compete for all the seats in the next People's Assembly.
But in the months following, there has been a sharp rise in sectarian tensions, fuelled in part by a movement of ultra-conservative Muslims known as Salafis, whose increasing hostility toward Egypt's Coptic Christians over the past few months has met little interference from the country's military rulers.
The play follows the farcical adventures that ensue when Georges' son Jean-Michel brings home his fiance's ultra-conservative parents to meet them.
Number of billionaires (or billionaire couples) who have taken the pledge: 40 (including, among the non-Jews, ultra-Catholic and ultra-conservative Tom Monaghan; Barron Hilton; T.
The niqab, advocated by ultra-conservative Muslims, "cancels the personality of a woman," he said.
The proposal was championed by right wing and ultra-conservative groups.
Deal-hungry international banks and firms flocking to Saudi Arabia say they are struggling to find qualified staff due to an outdated state education system that lacks business focus in an ultra-conservative country, a report said.
He also saluted the local municipal council"s decision to cancel the festival saying council members were upholding through their caving in to pressure to lofty ideals through their affinity with the general ultra-conservative mood.
The lawsuit comes after a three-month investigation by the state, which found that OppenheimerFunds represented that certain investments were appropriate for conservative and ultra-conservative portfolios - but shuttled college savings money instead into a hedge-fund-like investment fund that took extreme risks in a search for speculative large returns.
The changes targeted the ultra-conservative clerics who have dominated the judiciary.

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