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fiscal conservatism  

Definition

  • Fiscal conservatism is an ideological perspective on what constitutes the appropriate approach to economic matters within modern capitalist states; it is a term more commonly used in the United States, Canada, and Australia, but the perspective can be found throughout Europe as well. The fundamentals of the approach favored by this perspective include limited government spending, low tax rates, free trade agreements with other nations, only modest amounts of business regulation, a strong respect for individual property rights, and balanced budgets. [Source: The Encyclopedia of Political Science; Fiscal Conservatism]

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https://concepts.sagepub.com/social-science/concept/fiscal_conservatism

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