What Oikonomia/Dispensation means
[The Lordship
Controversy by John MacArthur] "Dispensationalism is a fundamentally correct
system of understanding God's program through the ages. Its chief element is a
recognition that God's plan for Israel is not superseded by or swallowed up in
His program for the church. Israel and the church are separate entities, and God
will restore national Israel under the earthly rule of Jesus as Messiah. I
accept and affirm that tenet, because it emerges from a consistently literal
interpretation of Scripture (while still recognizing the presence of legitimate
metaphor in the Bible). And in that regard, I consider myself a traditional
premillennial dispensationalist...
...There is a tendency, however, for dispensationalists to get carried away with
compartmentalizing truth to the point that they make unbiblical
differentiations. An almost obsessive desire to categorize and contrast related
truths has carried various dispensationalist interpreters far beyond the
legitimate distinction between Israel and the church..."
The Lordship Controversy
See:
What are the seven dispensations? What are the divisions within dispensational
theology?
What is ultra-dispensationalism? How is ultradispensationalism different from
classic dispensationalism?
What is dispensationalism and is it biblical? What are the key aspects of
dispensational theology?