James and 'not by faith only'

Members of the Church of Christ will sometimes cite James 2:24 as 'proof' that the believer's justification is not by faith alone.
 
Here they will point out that 'this is the only passage in the Bible where these two words (faith & alone) come together, and the Bible is very clear when it says that a man is justified by works, and not by faith only.'

Keep in mind that context of James 2:24 is dealing with Abraham, and this verse concerns the time when Abraham was about to offer up his son Isaac upon the altar.

And here James asks the question, "Was not Abraham our father justified by works when he offered Isaac his son on the altar?"
 
It is here that I'd like to pose a question as it relates to the context.
 
Is this passage talking about Abraham's (forensic or legal) justification before God, where God 'deemed, or declares Abraham as righteous', or is the passage talking about Abraham being justified (shown, deemed, or declared as righteousness) before men?

This is a relevant question because Romans 4 tells us that Abraham was (past tense) justified before God long before Isaac was even born,

And it wasn't by his works, but rather because of his faith! 
 
"Abraham believed God, and it (his faith) was accounted to him for righteousness"
 
The point of all this is that the justification concerning Abraham and Isaac, which is found in James 2:24 concerns a completely different time, circumstance, and event, some 20 years after the justification where "Abraham believed God, and it was accounted to him for righteousness."
 
James 2:24 says, "Was not Abraham our father justified (shown, deemed, or declared righteous) by works when he offered Isaac his son on the altar?"
 
Yes, Abraham was justified by his works-
 
But was Abraham justified (shown, deemed, or declared "as righteous") by works before God or before men? 

Anyone who understands James 2:24 to be talking about Abraham's legal or forensic  justification before God has a real problem, because when Paul talks about Abraham's justification in Romans 4, he makes it very clear that justification before God is not by works, but rather because he believed:

"For if Abraham was justified by works, he has something to boast about, but not before God. For what does the Scripture say? "Abraham believed God, and it was accounted to him for righteousness."  Romans 4:3

Unless Scripture contradicts itself— and it doesn’t because it is God’s inerrant Word, James 2:24 cannot be talking about Abraham's legal or forensic justification before God, but rather about being 'shown, deemed, or declared as righteous' before men because of his works.

Looking at the context, Abraham’s justification before men by works "fulfilled" his positional justification before God, which was by faith years before.
 
In other words, because Abraham believed, God 'deemed and declared Abraham as righteous', and he was righteous in his position; this was a legal and binding act. However, when Abraham offered up Isaac, he was living his life experience before men in a manner that was consistent with his position
 
"Was not Abraham our father justified by works when he offered Isaac his son on the altar? Do you see that faith was working together with his works, and by works faith was made perfect?" James 2:21-24

But there's another important point that relates to the words only and alone

The NKJV reads: "You see then that a man is justified by works, and not (justified) by faith only."

The Greek word translated only here is monon, which is an adverb.
 
Please note, adverbs modify adjectives, verbs, or other adverbs.
 
Adverbs do not modify nouns.
 
Adjectives modify nouns.
 
We know that this is an adverb (monon) and not an adjective (monhs) since Greek has a different form for each word.
 
The point of all this is that Greek adverb "only" (monon) does not modify the word faith, since a different word (monhs) would have been used. But as an adverb the word only (monon) modifies the verb justified implied in the second clause- 'and not only justified by faith'. 
 
In other words, James is saying that a by-faith justification is not the 'only' kind of justification there is. There is also a by-works justification.
 
Thus we might paraphrase James 2:24 in this way:
 
'You see then that a man is justified by works, and not only (justified) by faith.'
 
This distinction is also found in Paul’s writings in Romans 4:2. The apostle tells us that there is such a thing as a "by works" justification before men, but not before God:
 
"For if Abraham was justified by works, he has something to boast about (before men), but not before God. For what does the Scripture say? “Abraham believed God, and it was accounted to him for righteousness."
 
Thus, the only way a man can be justified before God is by faith. 
 
References:
 
1) Zane C. Hodges, The Epistle of James: Proven Character Through Testing (Irving, TX: Grace Evangelical Society, 1994), 71
 
2) Zane C. Hodges, The Gospel Under Siege: Faith and Works in Tension, Second Edition (Dallas: Redención Viva, 1992), 34