New perturbative approach to renormalizable field theories

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Abstract
A new method for obtaining perturbative predictions in quantum field theory is developed. Our method gives finite predictions, which are free from scheme ambiguities, for any quantity of interest (like a cross section or a Green's function) starting directly from the bare regularized Lagrangian. The central idea in our approach is to incorporate directly the consequences of dimensional transmutation for the predictions of the theory. We thus completely bypass the conventional renormalization procedure and the ambiguities associated with it. The case of massless theories with a single dimensionless coupling constant is treated in detail to illustrate our approach.