ABSTRACT
The 1970s were crisis years, but the basic forms of administered regulation were maintained. However, intensive accumulation was marking time, and international economic relations were profoundly disrupted. The initial response of the economies was more of a mechanical reaction than an adaptation to the new technological and organizational realities in the domestic and international arenas. However, when the slowdown in growth continued, when the first oil crisis was followed by a second, and when short-term domestic policies showed great difficulty in adapting to external constraints, public opinion and policy makers alike began to admit that "crises endure."
