Biblical Dispensationalism is also known as Theocratic Covenantal Dispensationalism. It is the recognition of separated, distinct, and self-evident economies in biblical history that are established through the biblical covenants, and which all form part of the unifying theme of the Bible: The Kingdom.

Dispensationalism is Self-Evident: notes

Thesis: Dispensationalism, as a system of theology, is self-evident to the normal reader of Scripture.

Outline:

1. What is a System of Theology?
2. Hermeneutics: The Essential, Independent Basis for Theology
3. Normal-Literal Interpretation: The Essental Part of Dispensationalism
4. Self-Evidence: Dispensationalism is a Self-Evident System of Theology

Dispensationalism & Soteriology: Israel vs. the Church

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Was an individual Israelite in the Old Testament saved the same way as you? Was he saved in the same time frame as you? Was he guaranteed the same things as you? Was his salvation conditioned the same as yours?

Scripture is unintelligible until one can distinguish clearly between God's program for his earthly people Israel and that for the church. ~J. Dwight Pentecost

Thesis: Israel and the Church are different and distinct in God's plan and purpose for the ages, and this distinction is clearly seen in the differences in their soteriology and resulting eschatology.

Conclusion: Dispensationalism is a system of theology that consistently recognizes and maintains the biblical distinction between Israel and the Church (as is seen in the dispensational analysis of each people's soteriology and eschatology).

These systems do set up conflicting and opposing principles; but since these difficulties appear only when an attempt is made to coalesce systems, elements, and principles which God has separated, the conflicts really do not exist at all outside these unwarranted unifying efforts; in fact they rather demonstrate the necessity of a due recognition of all God's different and distinct administrations. The true unity of the Scriptures is not discovered when one blindly seeks to fuse these opposing principles into one system, but rather it is found when God's plain differences are observed. The dispensationalist does not create these differences as he is sometimes accused of doing… Instead of creating the problems, the dispensationalist is the one who has a solution for them. ~Lewis Sperry Chafer