What is the correct meaning of the phrase ''prince of peace'' as recorded in Isaiah 9:6?

I think the immediate context can help. In 9:7 it discusses the fact that peace will be boundless. When we look at further Biblical context we see that after the conquest of the promised land, "God gave the Israelites peace from their enemies." In this light it seems to me that "prince of peace" means "ruler whose reign is characterized by peace from enemies, security in his land, freedom from being ravaged by enemies." Hope that helps.

Great, Edward! I appreciate your comment. It is wonderful! I examined the immediate context before and began to have a second thought on the use of ''peace'' here in connection with the ''prince''. Then I began to consider the phrase in the light of an adjective and in this case, an attributive genitive is it. The meaning popped up more clearly and made more sense to me. But I wouldn't want to keep quiet but seek some opinions from others too. This is very helpful, Edward. I am so very much obliged.

Whenever I find a genitive construct in Hebrew, I begin by remembering that the construct simply ties two words together, and that the meaning of the unit is the sum of the relationship between the two words. I thought of three possible relationships between "prince" and "peace." It could be adjectival, a "peaceful prince," instrumental, "a peace-producing prince," or hierarchical, a "prince over peace," that is a prince governing a peaceful domain. This last one is the sense that Edward above has pointed out fits the immediate context in many ways. But I would not rule out the possibility that the other two are also intended as well. The very construction has a richness to it that may intentionally be meant to bring many ideas to mind. There may also be other relationships between the two words that we have not considered here. Obviously in translation we may need to choose among the possibilities.