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Power, Wealth, and Satisfaction

Power transition theory (PTT) has had a progressive research program for more than half a century. In spite of this, one of its key concepts, satisfaction, has remained undertheorized. A compelling theory explaining why growth would make some states dissatisfied in the context of power transitions and others satisfied has not been articulated. It is argued here that satisfaction must be theorized at two levels of analysis: the global and the dyadic. The key to distinguishing satisfied versus dissatisfied states at the global level lies in specifically differentiating between the structural effects of changing power and the satisfying effect of increasing wealth. At the dyadic level, conflict over territory creates a perfect storm of state dissatisfaction. The study develops a theoretical framework for a multilevel understanding of satisfaction and its impact and tests it across politically relevant dyads from 1950 to 2001. The evidence strongly supports the hypotheses.