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I compare two prominent approaches to knowledge of metaphysical modality, the more traditional approach via conceiving viz. imagining a scenario and a more recent approach via counterfactual reasoning. In particular, Timothy Williamson has claimed that the proper context for a modal exercise of imagination is a counterfactual supposition. I critically assess this claim, arguing that a purely conceivability/imaginability-based approach has a key advantage compared to a counterfactual-based one. It can take on board Williamson’s insights about the structure of modal imagination (...)