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 ?
Ces elements, developpes dans le chapitre deux, posent ainsi le decor de la norme de prudence et de diligence en droit positif.
Importantly, the court explained that ERISA's duty of prudence does not require a fiduciary to break securities laws and directed lower courts to consider a fiduciary's decision in light of securities laws and objectives.
After Twig goes missing, Prudence acquires Formal Footwear, a shoe which gets dragged around the block on the end of a leash and is used for tricks.
His topics are virtue, passion, and prudence in early modern England; The Taming of the Shrew: women on top, prudence over cleverness; Othello: passion's perils in the marital traverse from two to one; virtue, means, and ends in All's Well That Ends Well; rare virtue at the nexus of sex and politics in Antony and Cleopatra; and Coriolanus: inordinate passions and powers in personal and political governance.
We may be good slapping pizzas and making pizzas that the public love but to create a work of art, and I think this is art, we have to work with a real expert and I'm delighted that Prudence offered to assist us in this," Swaysland said.
Prudence Holleyoake, of Caerau, Cardiff, made it through to the finals of last year's art competition with her dramatic picture which features on this year's flyer.
Meet Prudence Galewski, a bright sixteen-year-old trying to figure out how she can stop death.
NNA - 20/01/2011 Istanbul hosted on Thursday a joint press conference between Turkish Foreign Minister Ahmet Davutoglu and his Russian counterpart Sergei Lavrov during which Turkish Minister solicited Lebanese people to act with prudence so as to spare their country further chaotic events.
In what follows I will suggest that virtue ethics is one holistic approach to ecumenical morality, give some extended consideration to the virtue of prudence, and propose that the North American Academy of Ecumenists regularly set aside meeting time to clarify moral issues.
Renowned food artist Prudence Staite has also made edible sculptures of modern day icons Dita von Teese and Barack Obama.
By the way, I feel sorry for Prudence, as shown in the June edition, not being able to input her notes directly onto a computer
The virtue of prudence correctly applies universal principles to particular situations.