I am going to identify the "ye" in Ephesians. They are different than the "we." I will let the scriptures do it and I will just call it out. Now look at verses 12 and 13 in chaoter 1;
11 In whom
also we have obtained an inheritance, being predestinated according to the purpose of him who worketh all things after the counsel of his own will:
12 That we should be to the praise of his glory, who first trusted in Christ.
11 In whom <in Christ body> also we.... who first trusted in Christ.
Have obtained an inheritance.
Being predestinated to obtain an inheritance according to God the Father's purpose.
So let's just say in the historical setting of beginning of the church in the New Testament the we are identified as those who were first to trust in Christ. That would be those of Israel. That was easy to reason out but knowing the "ye" of the text and context is even much easier. Look while you read these next two verses;
Eph 1:13 In whom ye also trusted, after that ye heard the word of truth, the gospel of your salvation: in whom also after that ye believed, ye were sealed with that holy Spirit of promise,
Eph 2:11 Wherefore remember, that ye being in time past Gentiles in the flesh, who are called Uncircumcision by that which is called the Circumcision in the flesh made by hands;
So the ye are gentiles.
Now watch while Paul brings these two groups out in the open;
Eph 2:19 Now therefore ye are no more strangers and foreigners, but fellowcitizens with the saints, and of the household of God;
Now those who were afar off are made fellowcitizens with the saints, the first in the body of Christ, the Jews.
So how it be any clearer?
Let's look now at the conversation in chapter two. I will bold the Jews and underline the gentiles in the text.
1 And
you hath he <God the Father> quickened,
who were dead in trespasses and sins;
2 Wherein in time past
ye walked according to the course of this world, according to the prince of the power of the air, the spirit that now worketh in the children of disobedience:
3 Among whom also
we all had our conversation in times past in the lusts of our flesh, fulfilling the desires of the flesh and of the mind; and were by nature the children of wrath, even as others.
4 But God, who is rich in mercy, for his great love wherewith he loved us,
5 Even when we were dead in sins, hath quickened us together <the ye and we> with Christ, (by grace
ye are saved
6 And hath raised us up together <the we and the ye> , and made us sit together < the we and ye> in heavenly places in Christ Jesus:
7 That in the ages to come he might shew the exceeding riches of his grace in his kindness toward us through Christ Jesus.
8 For by grace are
ye saved through faith; and that not of
yourselves: it <salvation by grace through faith> is the gift of God:
9 Not of works, lest any man should boast.
10 For we are his workmanship, created in Christ Jesus unto good works, which God hath before ordained that we should walk in them.
11 Wherefore remember, that
ye being in time past Gentiles in the flesh, who are called Uncircumcision by that which is called the Circumcision in the flesh made by hands;
12 That at that time
ye were without Christ, being aliens from the commonwealth of Israel, and strangers from the covenants of promise, having no hope, and without God in the world:
13 But now in Christ Jesus
ye who sometimes were far off are made nigh by the blood of Christ.
14 For he is our peace, who hath made both one, and hath broken down the middle wall of partition between us;
15 Having abolished in his flesh the enmity, even the law of commandments contained in ordinances; for to make in himself of twain one new man, so making peace;
16 And that he might reconcile both unto God in one body by the cross, having slain the enmity thereby:
17 And came and preached peace to you which were afar off, and to them that were nigh.
18 For through him we both have access by one Spirit unto the Father.
19 Now therefore
ye are no more strangers and foreigners, but fellowcitizens with the saints, and of the household of God;
20 And are built upon the foundation of the apostles and prophets, Jesus Christ himself being the chief corner stone;
21 In whom <Christ> all the building fitly framed together groweth unto an holy temple in the Lord:
22 In whom
ye also are builded together <with the Jews> for an habitation of God through the Spirit.
Now gentlemen, I am going to make an observation here. I observe that Jews were under the OT Law of Moses and had covenant relations with God that gentiles did not have. The Law commanded the Jews to observe certain ordinances that the Jews agreed to obey. Read Exodus 20 now to see this agreement was presented to Israel for acceptance or rejection and they agreed to it. However, these very ordinances separated the gentiles and was a source of enmity between the Jew and gentiles through the OT years. The gentiles could never be in the body with Jews if it was required they keep those OT ordinances that were associated with the Law. This is what Paul means when he says in Verses 8 and 9 salvation is by faith in the gospel of Jesus Christ and it is by the grace of God and not by any works of the law. The gentiles in the context are singled out to be told this. The OT law has absolutely nothing to do with the salvation of the gentiles. It is strictly the gift of God and gifts do not come to one by working for it.
So here is the definition of the word dispensation of the grace of God with the emphasis on the word dispensation. Check it out.
1) An exemption from a rule or usual requirement
2) A a system of order, government, or organization of a nation, community, etc., especially as existing at a particular time
3) The action of distributing or supplying something.
If you will notice from reading the NT, beginning with the Acts, the Law of Moses as an operative principle of God's divine dealing with the Jews came to an end with the crucifixion of Jesus Christ. Now it is very important to see that God the Father had already made a transition from the Law to that of promise with the introduction of Jesus Christ to Israel at his baptism in the Jordan River by John the Baptist. Read this:
Mr 1:1
The beginning of the gospel of Jesus Christ, the Son of God;
2 As it is written in the prophets, Behold, I send my messenger before thy face, which shall prepare thy way before thee.
3 The voice of one crying in the wilderness, Prepare ye the way of the Lord, make his paths straight.
4 John did baptize in the wilderness, and preach the baptism of repentance for the remission of sins.
5 And there went out unto him all the land of Judaea, and they of Jerusalem, and were all baptized of him in the river of Jordan, confessing their sins.
It is important to read what I have underlined literally. The good news, the glad tidings, the gospel, of Jesus Christ began when he was introduced to Israel but he was not introduced to the world. He came to fulfill al that was written in the law, the Psalms and the Prophets concerning himself, he said. That had to come first before he could minister grace to the gentiles. He must live under the Law to fulfill it.
It is important to understand that a transition and a dispensation is not the same thing. There are many transitions in the scriptures but just a few dispensations. When God took the law away as the operative principle over Israel that spoke to definition #1. Some of the language in the Hebrews speaks to this. He taketh away the first that he may establish the second. He is speaking in terms of covenants by which Israel is ruled. This necessitated definition # 2. God sent his Spirit to indwell his people and lead them from within. This is a definite change in government. Israel was charged with this dispensational change by being first to receive the gift of the Spirit. Finally, the receiving of the gentiles was under the principle of "grace." So God distributed his grace worldwide and has an invisible realm of rule during this dispensation, God on the inside of each believer and in the collective whole.
God in this age is fulfilling his promise to Abraham to bless all the families of the earth, Shem, Ham, and Japheth by his one seed, Jesus Christ. This dispensation is quickly coming to an end in our days and we are looking a the next dispensation, the dispensation of the fullness of times. All the rules will be different.
There is more of this wonderful truth and I did not quote the verses I was thinking about while I typed and commented because of the length of the post. I know I will have to return and solidify these truths with in context scriptures. I do not have time to proof read this so hopefully the errors will be few and inconsequential.