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According to Pareto's theory, there are different mentalities within the [elite](/en/elite) class, and there are two types: the "speculator" and the "renter.
- [speculator](/en/speculator) (speculator)
    - [Progressive](/en/Progressive) and more inclined to seek [reform](/en/reform).
        - Emphasis on [New Ideas](/en/New%20Ideas) and [innovation](/en/innovation) ("[Class I residues](/en/Class%20I%20residues)" as Pareto calls them).
- [Renter
        - [conservative](/en/conservative) and have a strong preference for [stability](/en/stability).
        - Emphasis on [tradition](/en/tradition) and [stable](/en/stable) values ("[Class II residues](/en/Class%20II%20residues)").

<p>According to Pareto, a healthy society is one in which these two types alternate in power so that society maintains <a href="/en/a%20balance%20between%20innovation%20and%20stability">a balance between innovation and stability</a>.</p>
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There are speculators and renters among the elite.