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 ?
436) suggests a positive correlation between accrual earnings management and conditional conservatism with additional variants.
In their introduction, Farney and Rayside argue that conservatism is best understood as encompassing four major ideological currents: neoliberalism, moral and social traditionalism, populism, and nationalism.
Would that politician be simply advocating economic conservatism where market forces reign supreme and a survival-of-the-fittest attitude prevails?
We find that after controlling for previously documented legal and financial institutional variables, both conditional and unconditional accounting conservatism are greater in countries with more conservative societal and accounting values.
The study outlines the overview of accounting conservatism and the hypothesis development in Section 2.
In 2013, Republicans' economic conservatism softened a bit, while Democrats' economic liberalism grew further.
In Brazil, the change related to conservatism pronounced by the CPC may have influence on the companies' practices and, consequently, possible effects on asset and liability items, mainly in equity from the impact on profits.
In this context, this article aims to verify whether the advent of tax neutrality influences unconditional conservatism in publicly-traded companies in Brazil.
The well-funded and well-organized half-century project of creating a distinctively American form of conservatism, especially through the training of college-educated elites, had been rejected by an uprising of the voters lacking a college education but whose support had been complacently presupposed by the conservative brain trust.
Still, there are areas of American conservatism in which this propaganda has taken root.
Whereas these works are primarily descriptive about Kirk, McDonald's and Russello's books are prescriptive, with the former seeing Kirk's conservatism as a correction to the ideological deformities that contemporary American conservatism suffers and the latter invoking Kirk's "moral imagination" as a way to challenge and overcome the problems of modernity in this postmodern age.
Right-Wing Critics of American Conservatism, by George Hawley, Lawrence, Kansas: University of Kansas Press, 2016, 366 pages, hardcover.