I second what has been said about "replacement theology" being a pejorative.
I recommend an article by PCA teaching elder Fred Klett,
Not Replacement...Expansion.
I also recommend a series by Dr. Sam Waldron on
his blog where he attempts to interact with a book by Barry Horner called
Future Israel: Why Christian Anti-Judaism Must Be Challenged on the issue of amillennialism's (really covenant theology) "anti-semitism".
Horner writes:
Quote:
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“Whatever the terminology that is used concerning this perspective, whether replacement theology, supercessionism, fulfillment theology, transference theology, or absorptionism, they all amount to the same basic denigration of the Jews and ultimately of national Israel in the present Christian dispensation.”
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Waldron responds in about 22 blog entries.