conservatism

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Related to Classical Conservatism: Politically conservative

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 ?
There's a place for partisan politics, but the era of cable news is drawing to an end, and as a new media environment develops in the 21st century, classical conservatism has an opportunity to reassert itself--online and in the pages of small magazines, for starters--and draw attention back to the battles that must be fought above and below the national level.
Kristol's two-pronged "religious critique" of Oakeshott's characterization of "the conservative disposition" reflects a fundamental misconception of both classical Christianity and the classical conservatism to which Oakeshott gives expression.
Unlike the classical conservatism of, say, John Carroll, or the conservative humanism of Robert Manne, the pragmatic cast of the New Right does not bother to ask broader questions about the changing nature of social life, let alone the role of values or ethics within it.

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