In philosophy, political science and sociology, elite theory is a theory of the State that seeks to describe and explain power relationships in society. The theory posits that a small minority, consisting of members of the economic elite and policymaking networks, holds the most power—and that this power is independent of democratic elections.

Vilfredo Federico Damaso Pareto was an Italian polymath, whose areas of interest included sociology, civil engineering, economics, political science, and philosophy. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices. He was also responsible for popularising the use of the term "elite" in social analysis.