The Life That Is by Faith. "The just shall live by faith," declared the Prophet Habakkuk (Hab. 2:4). Paul picked up this assertion and three tunes over applied it to the means of life Godward under the new covenant (Rom. 1:17; Gal. 3:11; Heb. 10:38). The meaning is, He that is reckoned by God to be just shall live by his faith in the basis upon which that reckoning is made, i.e., the sacrifice of Jesus Christ in his behalf. So the Apostle's declaration, "I live by faith in the Son of God, who loved me and gave Hunself for me" (Gal. 2:20, RSV; cf 3:10-12).
The sense of Habakkuk's expression, as operative under Christ, is, The justified shall live by his faith. The idea of the just living by his faith, unless understood as we have indicated, would be self-contradictory. If a person were himself just, he would have no need of faith in order to life. He could live unto God by his own merit—that of his justness, or righteousness. Since, however, all have sinned, and are guilty before God (or unjust), if anyone is to live Godward, he must do so on the basis of the propitiation for his sins which Christ has made. In other words, he must live by, through faith, relying on that disposition of his sms (Rom. 3:21-26). That is to live by faith, as the just, or justified, are said to do; it is to live vicariously, as it were, in and through the Person and work of Another. This is done in full recognition of the wretched fact that, of himself, the believer is unrighteous-not just—and so is wholly dependent upon God's grace, given him through the Son, for His acceptance with and life unto the Father.
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