Are you familiar with the various theories on the atonement?

Perhaps you have heard of the penal substitutionary theory of atonement. This is a very popular one, and you are likely to have inherited it. But...

Did you know that there are actually multiple positions? Each have their strengths and weaknesses. Here are some of the major theories:

1. Christus Victor Theory
2. Ransom Theory
3. Satisfaction Theory
4. Penal Substitutionary Theory
5. Moral Influence Theory
6. Governmental Theory
7. Scapegoat Theory

I am partial to the Christus Victor/Ransom/Moral Influence theories. I think a form of Substitutionary theory fits nicely with the Ransom theory, but not in a penal substitutionary form.

But what about you? What sorts of questions do you have about them? Which one do you hold to, and why? Is there a runner-up?

I want to hear what you think!