Gift of Prophecy by Wayne Grudem

In The Gift of Prophecy in the New Testament and Today, Wayne Grudem provides a comprehensive, exegetical case for a renewed understanding and practice of the gift of prophecy in the contemporary church. He takes a mediating position between those who believe the gift has ceased (cessationists) and charismatics, arguing that the New Testament gift of prophecy is a "third category" of utterance with a different kind of authority than Old Testament prophecy or New Testament apostolic teaching.