This paper is about the ?Imaginary Logic? developed by the Russian logician Nicholas Vasil'év between about 1910 and 1913, a logic that is often claimed to be a forerunner of different sorts of modern nonclassical logics. The paper describes the content of that logic (not by trying to interpret it in modern logic, as some commentators have done, but by describing it in its own terms). It then looks at the philosophical underpinnings of the logic. Finally, in the light of (...) the preceding, it discusses Vasil?év's place in the history of logic. (shrink)