No 'the end of history' - just ever lasting tug of war?

'Centennial Waves of Socio-Economic Development (Socio-Economic Development and Transformation in a Long-Term Perspective)', paper presented at The Eighth International Joseph A. Schumpeter Society Conference - The Millennium Conference: Manchester/UK 28th June – 1st July 2000.
The earlier version of this paper was presented at EAEPE 1998 Conference on ‘Why Is Economics not an Evolutionary Science’, November 5-8, 1998, Lisbon, Portugal as Centennial Waves of Socio-Economic Development - an Evolutionary Perspective.