The 1970s have made something of a comeback recently–in terms of interest, if not always reputation. This is partly because it was an unfashionable, “lost” decade, possessed of a depressing image in the shadows of its immediate neighbors and because the present economic crisis has made its difficulties relevant and brought them closer. The decade is ripe for revisionism, as well as for seeking lessons. And what ultimately emerges is not just an arc towards neoliberalism but a more fragmented picture, liberating in many respects–and which demands historians come to terms with the grim decline long associated with the decade.
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Lawrence Black (2012) studied this question.
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