Preterism argues that Revelation refers only to events of the first century, although there may be a hope for a final return of Christ in the future in the book. Futurism believes that most of Revelation predicts events in the future (a real tribulation full of judgment, etc.) Idealists and Historicists both see Revelation as referring to the present age, but in much different ways. The old historicist method saw the symbols of Revelation as referring to events in history, while idealism tends to see the symbols as referring to the struggle of good and evil in this world.
Few people would argue in favor of historicism as it was practiced prior to the early nineteenth century and I am unaware of a commentary from a major publisher that would advocate for the view. Preterism has become very popular recently and there are quite a few monographs that could be described as idealist/preterist. This may be part of a sometimes violent backlash against the popularity Left Behind series and the nonsensical hatred of dispensationalism as a heretical teaching hatched in the pit of hell.
Following the lead of George Ladd, many commentaries on Revelation reject a single approach to the book in favor of some combination of the three main views. Ladd, for example, combines idealism and futurism. He held that most of Revelation was future, but only after chapter 6. Chapter 6 is symbolic of the general flow of the church age, similar to the idealist position rather than the historicist. Greg Beale’s commentary attempts to be a “redemptive-historical form of modified idealism.” He attempts to read the symbols very much like an idealist, but includes a future aspect as well. The beast of chapter 13, for example, is representative of all the “anti-christs” throughout history, but also points to the ultimate Antichrist of the future. For Beale, the idealist view is primary, the futurist is secondary.
Grant Osborne concurs with Beale’s approach, but emphasizes the future aspect of the prophecies. Osborne defines apocalyptic as “the present addressed through parallels with the future” (22). For example, Osborne feels the three and one half year great tribulation in Revelation serves as a model for all previous tribulations the church has faced.
C. Marvin Pate writes as a contemporary dispensationalist attempting to read Revelation as a book about the future, to be understood as literal, but also to address some of the excesses of the dispensational approach. The criticism of dispensational futurism have merit; dispensationalism needs to “reinvent itself” in order to deal with the critique from Reformed writers (primarily a-mil and idealist / preterists.) This “re-invention” is modeled along the catchphrase “already / not yet” as applied to the Kingdom of God in the Gospels by C. H. Dodd and later by George Ladd.
It is therefore possible that creating a “four views on Revelation” style rubric then forcing a commentary through that grid creates an interpretive environment that misses some aspect of Revelation’s message. By making it entirely past, we miss the prophetic element. But by making it entirely future, we miss the application of the book to the present age.
Is there a specific way a “blended” view might help shed light on a particular portion of Revelation? Is there are section of the book that is better read as referring to both the past and the future? Or are we forced to choose one or the other?