This question came up in another thread (http://news.ycombinator.com/item?id=470838) and got me thinking. Smalltalk dates from the early 70s; Lisp, APL, and Forth are all earlier. When was the last innovation that can truly be called fundamental?
We're not talking language features here. Obviously a great deal of refinement and elaboration has taken place since 1971. To qualify, an idea has to be deeper than that. It needs to have the paradigmatic quality that the above do. (Edit: I'm not looking for historical arguments so much as asking what ideas people feel have this quality.)
The only other candidate I can think of off the top of my head is Backus' 1977 work on FP, which certainly struck me as fundamental when I read it, though now I'm not so sure.
Others?