Diversifying deep transitions: Accounting for socio-economic directionality

•Exposes the techno-economic focus in the Deep Transitions framework.•Identifies four under-exposed key dynamics of socio-economic transformation.•Substantiates these dynamics through empirical examples.•Challenges the idea of a second Deep Transition as used by Kanger and Schot.•Argues for conceptual bridging between socio-technical and socio-economic transformation perspectives.