This paper reconstructs what the famous sentence "what is rational is actual /and what is actual is rational" specifically means within the Hegel's Philosophy of Right. The two traditional and antithetical interpretations of these words share one main point: both transpose them on the level of the Philosophy of History. Haym does this from a conservative perspective. He regards the Hegelian saying as an immediate justification for existence. Gans and, more recently, Ilting do this from a liberal perspective. They find the idea of the progressive realization of rationality in history in the Hegelian saying. The latter interpretation seems to be attested in some alternative formulations provided by Hegel in his lectures (where "real" and "act...