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 ?
I wish especially to commend Roy Speckhardt's fine "run-down" of why a Humanist cannot be a political conservative. He is certainly right on the mark when he says, "It is obvious that the core principles of Humanism support liberal ideals" I couldn't agree more.
If once you've put all this together, however, you're still unclear about Humanism as it relates to liberal and conservative ideas, there is always Roy Speckhardt's straight-forward piece, "Can a Humanist Be a Political Conservative?"
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.
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." In other words, he's no Theodore Olson.
Some political conservatives may object to Brooks' critique of modern capitalism as potentially soul-destroying.
CRUDE pipe bombs targeting former US president Barack Obama, Hillary Clinton and CNN have been intercepted amid a spate of attacks aimed at prominent Democrats and a cable news network often criticised by political conservatives.
What could be more appealing to political conservatives ...
I don't know why American political conservatives are so fascinated by our pope (I've asked our reporters to look into that), but they are.