The prevailing historiographic reconstruction of the political struggle in Athens during the last years of the fifth century originates from the discovery of the text of the Aristotelian Athenaion Politeia [Ath.]. According to this reconstruction, three political options and three political programmes were in effect. These were, on the one hand, traditional democracy and opposing oligarchy; on the other, a new third way, that of ‘the moderates’, who under the leading of Theramenes represents a solution to the stasis. The political (...) program of themoderates is supposed to include the following fundamental items: a return to an ancient constitution, the reduction of the number of citizens and their political rights, the sovereignty of law, and the recuperation of accord between citizens. This paper tries to highlight the weakness of this interpretation by analysing the difficulties in grasping from the sources this whole program and their adscription to a leader and to a distinctive political group. The misinterpretation was already implicit in the author of the Athenian Constitution, perhaps a disciple of Aristotle. He wrote influenced by the Aristotelian political theory and thereby he interpreted all that he had read about Theramenes, the Five Thousand and the patrios politeia as if the Aristotelian ideals of the mesotes and of mese politeia were actually proposed and temporally achieved in Athens by the efforts of Theramenes and his supporters. (shrink)