Dear W,
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Any honest CT will admit that their system isn't much older than DT...
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What are you saying, that Covenant theology was invented in the middle of the 19th century?
You haven't been reading the history of covenant theology published in Bib Sac have you? That was a really amateur piece of work!
Covenant theology in the Reformation traces to at least 1523 in Johannes Oecolampadius' commentary on Isaiah.
No one in the Reformation was propounding seven different dispensations (as in classic dispensationalism) in the Reformation. No one was making God's relations to national Israel the lever by which all of redemptive history was analyzed. See Luther's notes on how Christians should understand Moses.
I don't see a trace of what became dispensationalism in the Fathers, whereas ALL patrologists see a strong doctrine of the unity of redemption in the fathers over against the gnostics.
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This discussion involved hermeneutics, not systematics.
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This is the sort of naivete about which I was writing. Hermeneutics is not some hermetically sealed science practiced by folk who aren't somewhere at sometime.
Hermeneutics IS theology. They are inextricably linked to one another.