Abstract
This chapter argues that the difference between indicative and counterfactual conditionals traces to the overt difference in verb forms and not to any alleged covert ambiguity or context-dependence in ‘if’. ‘Would’ has a life beyond conditionals; the best hypothesis is that it is a necessity modal restricted to contextually relevant worlds. In standard counterfactual conditionals, ‘would’ scopes over ‘if’; given the invariant truth-functional semantics of ‘if’, the compositional semantics then makes counterfactual conditionals contextually restricted strict conditionals. The chapter explores the consequences of this for the logic of counterfactuals: principles such as transitivity, contraposition, and strengthening the antecedent hold, with appearances to the contrary being explained by context-shifting caused by the application of the suppositional heuristic. However, modus ponens fails because the contextual restriction may exclude the actual world.
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