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 ?
B, it is worth underlining that in the q-model, we investigate the correlation between investment at time t and the dummy FF defining leverage conservativism preceding the investment decision (i.
While most studies of late eighteenth century Anglicanism emphasize its stodgy conservativism, its advocacy of the established order, Steedman finds a much more compassionate religious perspective in Murgatroyd.
Ultimately, it depends upon the voters -- who they choose," he said, calling for a "return to fiscal conservativism as a social norm.
He argues that his limits-to-power perspective most closely resembles true conservativism, although he's content to leave the labels behind.
The inherent conservativism of Islamic finance makes it poised to weather financial storms, so long as high standards are maintained.
Tolkien's conservativism is not a matter of social regression or inertia, but driven by utopian longing that finds expression in his masterpiece.
Oddly enough, the only contemporary author mentioned in it was Lord Hugh Cecil, a Tory politician who was a friend of Churchill and one of the foremost theorists of British conservativism in the twentieth century; his name has evidently never been associated with dictatorships or authoritarian ideologies.
Politically, we have witnessed avert' powerful conservativism and policies which are as regressive as this nation has seen in some time.
The symptoms of this kind of retreating are conservativism and an unwillingness to step out of their "turf" and collaborate on new things.
In short, Tearle's fear of difference and "mixing"/ contamination, and the remarkable tenacity of his conservativism can be traced to those views of South African history as always advancing towards an apocalyptic end.
When you get into the true academics, like Piston, Porter, Hanson, and so on, the conservativism dominates.
If closely examined there is barely a hairs difference between the main parties - which astonishingly the Lib Dems have utterly and bizarrely failed to exploit because of their own brand of petty, touchy-feely, economic conservativism, by such measures as removing the upper-limit 50p tax band.

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