Abstract
We study the exact renormalization group of the four dimensional phi4 theory perturbatively. We reformulate the differential renormalization group equations as integral equations that define the continuum limit of the theory directly with no need for a bare theory. We show how the self-consistency of the integral equations leads to the determination of the interaction vertices in the continuum limit. The inductive proof of the existence of a solution to the integral equations amounts to a proof of perturbative renormalizability, and it consists of nothing more than counting the scale dimensions of the interaction vertices. Universality is discussed within a context of the exact renormalization group.
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