Economy of Salvation
Encyclopedia
The Economy of Salvation is that part of divine revelation
Revelation
In religion and theology, revelation is the revealing or disclosing, through active or passive communication with a supernatural or a divine entity...

 that deals with God
God
God is the English name given to a singular being in theistic and deistic religions who is either the sole deity in monotheism, or a single deity in polytheism....

’s creation and management of the world, particularly His plan for salvation
Salvation
Within religion salvation is the phenomenon of being saved from the undesirable condition of bondage or suffering experienced by the psyche or soul that has arisen as a result of unskillful or immoral actions generically referred to as sins. Salvation may also be called "deliverance" or...

 accomplished through the Church. From the Greek
Greek language
Greek is an independent branch of the Indo-European family of languages. Native to the southern Balkans, it has the longest documented history of any Indo-European language, spanning 34 centuries of written records. Its writing system has been the Greek alphabet for the majority of its history;...

 oikonomia (economy), literally, "management of a household" or "stewardship". Also called the Divine Economy.

It is the elements and resources revealed by God as necessary for salvation through special revelation
Revelation
In religion and theology, revelation is the revealing or disclosing, through active or passive communication with a supernatural or a divine entity...

, scriptures of the Old Testament
Old Testament
The Old Testament, of which Christians hold different views, is a Christian term for the religious writings of ancient Israel held sacred and inspired by Christians which overlaps with the 24-book canon of the Masoretic Text of Judaism...

 and New Testaments. The ultimate expression of this in Christian
Christian
A Christian is a person who adheres to Christianity, an Abrahamic, monotheistic religion based on the life and teachings of Jesus of Nazareth as recorded in the Canonical gospels and the letters of the New Testament...

 theology
Theology
Theology is the systematic and rational study of religion and its influences and of the nature of religious truths, or the learned profession acquired by completing specialized training in religious studies, usually at a university or school of divinity or seminary.-Definition:Augustine of Hippo...

 according to Catholic Church teachings would be the work of salvation achieved by Jesus Christ on the cross. His sacrifice paid for our debts and therefore has made payment for our sin
Sin
In religion, sin is the violation or deviation of an eternal divine law or standard. The term sin may also refer to the state of having committed such a violation. Christians believe the moral code of conduct is decreed by God In religion, sin (also called peccancy) is the violation or deviation...

s - and therefore we are seen as not guilty before God for our sins committed.

This economy is related to a transaction:
  • God gives the means of salvation through Jesus sacrifice.
  • We accept it through faith
    Faith
    Faith is confidence or trust in a person or thing, or a belief that is not based on proof. In religion, faith is a belief in a transcendent reality, a religious teacher, a set of teachings or a Supreme Being. Generally speaking, it is offered as a means by which the truth of the proposition,...

     and allegiance to him.

Further reading

  • Conrad, A.C. The Divine Economy. Grand Rapids
    Grand Rapids, Michigan
    Grand Rapids is a city in the U.S. state of Michigan. The city is located on the Grand River about 40 miles east of Lake Michigan. As of the 2010 census, the city population was 188,040. In 2010, the Grand Rapids metropolitan area had a population of 774,160 and a combined statistical area, Grand...

    : Eerdmans, 1954.
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