New Covenant Theology and Prophecy

Book excerpt: If we primarily use the Old Testament Scriptures to form our understanding of eschatology, we likely will embrace a premillennial understanding of Abraham's and David's expectations. At the risk of over-simplifying, we will refer to this as a Dispensational hermeneutic. If we use the texts in the New Testament Scriptures that deal with the promise to Abraham we likely will favor the amillennial position. Again, at the risk of over-simplifying, we will call this a Covenant hermeneutic (short for Covenant theology). Currently, New Covenant theology has no clearly defined hermeneutic. Adherents of New Covenant theology have attempted to answer this question by modifying either Covenantal hermeneutics or Dispensational hermeneutics. One of the basic presuppositions of New Covenant theology is that the New Testament Scriptures must interpret the Old Testament. "How do the New Testament writers interpret the kingdom promises of the Old Testament?" Do the New Testament writers give a literal, or "natural," meaning to the kingdom promises in the Old Testament, or do they spiritualize those prophecies? This book represents an attempt to begin serious work toward establishing New Covenant hermeneutics from the ground up-that is, without beginning with either Covenantal or Dispensational hermeneutics.