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In American political theory, fiscal conservatism or economic conservatism [1] is a political and economic philosophy regarding fiscal policy and fiscal responsibility with an ideological basis in capitalism, individualism, limited government, and laissez-faire economics.
In accounting, the convention of conservatism, also known as the doctrine of prudence, is a policy of anticipating possible future losses but not future gains. It states that when choosing between two solutions, the one that will be least likely to overstate assets and income should be selected.
While historians such as Patrick Allitt (born 1956) and political theorists such as Russell Kirk (1918–1994) assert that conservative principles have played a major role in U.S. politics and culture since 1776, they also argue that an organized conservative movement with beliefs that differ from those of other American political parties did ...
Seeking a more positive definition, the Conservative Political Action Conference, or CPAC, defines conservatism as "the political philosophy that sovereignty resides in the person.
A good financial advisor can help you avoid having a too-conservative 401(k) and help you select the right mix of investments for your financial situation. 2. Your 401(k) has a hefty allocation to ...
Despite the stock drop, "we're encouraged that this is conservative and in line with the past in terms of how Walmart guides, and this was a solid quarter, a very stable consumer," Chen added.
Scholars have tried to define conservatism as a set of beliefs or principles. Political scientist Andrew Heywood argues that the five central beliefs of conservatism are tradition, human imperfection, organic society, authority/hierarchy, and property. [18] Historian Russell Kirk developed five canons of conservatism in The Conservative Mind ...
Economic liberalism is a much broader concept than fiscal liberalism, which is called fiscal conservatism or economic libertarianism in the United States. [12] The ideology that highlighted the financial aspect of economic liberalism is called fiscal liberalism, which is defined as support for free trade .