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 ?
we would deliver our emissions reductions quicker and we would keep the lights on, by very, very Conservative policies - using existing technology and by energy saving.
The company attributed the drop in profits to the conservative policies pursued by the bank, namely the size of loan loss provisions and to the increase in its loan portfolio.
He has surrendered his party's social and fiscal conservative policies to such an extent that the Tories are virtually indistinguishable from New Labour.
David Cameron is inviting internet surfers to join him in a video debate about Conservative policies on a website which bills itself as an "online Speaker's Corner".
It's more likely that Nick (Bourne) and his team will be in a position to convert Conservative policies into real action after the May elections.'
THE Cabinet Member for community services has just cancelled yet another meeting that should have set out her Conservative policies for the future.
``To gain another seat is splendid and a vindication of Conservative policies running West Lancs.''
At the same time, the dominance of "small-I liberalism" has meant that, even when Brian Mulroney won two massive majorities in 1984 and 1988, there was not the slightest attempt to enact small-c conservative policies. And that was the central reason for the emergence of the Reform Party in 1987!
Sooner or later they will run out of Conservative policies to fulfil.
"I hope the Conservative Party loses its obsession with Europe, settles down to the fact it's in opposition and starts putting together some sensible Conservative policies."
"But national liberalism, with its mixture of social conservatism and economic liberalism, represents a direct threat to overclass social views (which tend to be liberal) and overclass economic interests (which are promoted by neoliberal and conservative policies)."
"Scott Fisher knows how to take strong conservative values and turn them into successful conservative policies," Perry said in a statement circulated by Fisher's campaign.

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