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 "Reformed theology *is* Covenant Theology," as someone said. I mean the whole gamut--but from the Reformed perspective. Similarly, economics--but from the 'Austrian' perspective.

In both cases, the alternatives are so different, they're basically incompatible. 

Does that make sense?  
 Not at all
As mises said on human action, reviewing some narratives and cutting it with another vision would actually still be the first narrative, because the facts analyzed would be a part of already sliced part of reality itself.

Presenting reformed theology in a luteran vision would cut essencial parts of its own narrative basis, the same has already occurred on the attempts of seeing Thomas Aquinas economy on austrian vision

Luteran eyes fail when they try to analyze catholic scholastic historical stuff because the catholics only got in that historical stuff because of early church thoughts, that totally forbid christian gnosticism and hermetjc paganism. I mean, they excluded what the gnosticism saw as important facts, so how could luteranism search far points and their importance while deny what made this points the only thing that was relevant? 
 Well, you can't really teach Reformed theology if you divorce it completely from its roots and from its alternatives, of course. But in either discipline, there is no such thing as neutrality. Perhaps I'm not understanding your point...