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 ?
based writer and radio host, is believed to be the first atheist activist to address CPAC's annual meeting, where Republican presidential hopefuls woo political conservatives.
A single conservative position--such as an anti-gun control stance--doesn't make someone a political conservative any more than believing in gun control would make an otherwise politically conservative person a liberal.
was a political conservative who had even done organizing for the Ku Klux Klan.
While men continue to come forward who mistakenly believe they had sex with Larry Craig, who is not gay, dammit, we turn our attention to another political conservative who believes he has some explaining to do.
It was during the year she spent at the AEA that Stewart received what Critchlow calls "her first education as a political conservative," reading Henry Hazlitt's critique of Keynesianism, John T.
Rumors abound that Clancy, a political conservative who favors increased military spending, has technical sources in high and secret places.
Many believe Vice President Dick Cheney, a longtime CFR member with an undeserved image as a political conservative, is the real power wielder behind the throne.
While Murdoch -- a political conservative -- would undoubtedly have much in common with Robertson on the political front, the two might part company on television programming.
While Mukasey is a political conservative of the first order, he is also, in the words of fellow New Yorker Schumer, "the kind of nominee who would put the rule of law first and show independence from the White House.
What happens next isn't highly predictable, except to say that it may partly depend on how Americans view the leader of the party most associated with political conservatives -- Republican President Donald Trump.
Meanwhile, propaganda from political conservatives ties human rights to some sort of Western agenda meant to do Pakistan harm.