[The] atonement involves the imputation of our sins to the Lord Jesus, and the imputation of the Lord Jesus’ righteousness to us.
He is wounded for our transgressions. He is pierced for our iniquities . He takes what is ours, and it’s counted to Him. And when He goes to the cross, as “one who knew no sin,” He goes to the cross as one who is there going to be made sin. He is going to “bear our sins on His own body [on] the tree,” as Simon Peter says.
And yet, marvelously, when he makes his soul an offering for sin, “by his knowledge,” verse 11, “the righteous one, my servant, will make many” not just to be accounted innocent. You understand, there is a difference between the gospel, and what happens in an ordinary law court. Unless that law court happens to be in Scotland, where there are 3 verdicts that can be given, you are either going to receive a guilty verdict or a not guilty verdict. Don’t transfer that to the gospel as though that’s all the gospel gives you.
No, what the gospel gives you is this: that your sins are imputed to the Lord Jesus Christ. He’s wounded for transgressions that are ours, and iniquities that are ours, and a dispeace that is ours, and a sickness that is ours, and it becomes His, and He takes it. He takes all the judgment against my sin, takes all the judgment of His holy Father against the sin of all His people.
But when you come to faith in Jesus Christ, you’re not just pronounced not guilty, as though to say, “You’re free now, start again, try again.” No. “By His righteous knowledge.” Perhaps, “By the knowledge of his righteousness, He will account many to be righteous.”
“By his righteousness.” His life of obedience, His obedience to the death of the cross.
It’s so important for us to understand that what Jesus is doing throughout the whole course of His life is obeying His Father in our place, not just that He may then be qualified to be the perfect sacrifice who’s able to bear the judgment of His Father against our sin, but, in order that when we come to faith in Jesus Christ the Righteous One, not only do we understand that our sins are being imputed to Him, but we understand that His perfect righteousness is counted as ours as we trust in Him.
I love to say, and I love to think, and I love to say it again, that you and I can stand before the judgment seat of an infinitely holy God, as righteous as the Lord Jesus Christ, because the only righteousness you have to stand before that throne is His righteousness. Isn’t that glorious?