Recent years has witnessed a dramatic growth of different schools of entrepreneurship. In response to problems related to the environment, social development, and other co-occurring factors reported in the past few last years, the authors aimed to examine the roots of economic growth and large-scale structural transformations. We suggest that these transformations are based on civilizational theory. Accounting for the wealth of information in the sphere of civilizational development, the authors conducted research on the economic and social paradigms of entrepreneurial theory. Using the monographic method, the authors
demonstrated that evolutional institutional theory is the best way of crafting the foundation of civilization into the so-called “digital economy” in which the world is starting to live in.
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