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 ?
In the months ahead, every person who values our fundamental liberties will need to get personally involved in the struggle to hold back the tidal wave of militant sectarian ultraconservatism.
As a society we seem to vacillate between the so-called liberal stance of "I'm okay, you're okay" to the ultraconservatism of "Nobody's okay except people like me.
But I am concerned about rigidity and ultraconservatism.