Is there a difference between renormalization and renormalization group? In his book 'Scaling and Renormalization in Statistical Mechanics', John Cardy states the following about the term Renormalization Group:
"This terminology is rather unfortunate. The mathematical structure of the procedure, in the sense that it may be said to have any rigorous underpinnings, is certainly not of a group. Neither is renormalization in quantum field theory an essential element, although is has an intimate connection with some formulations of the renormalization group."
Well, my academic research is concerned to the study of critical phenomena in statistical mechanics using RG techniques. I have to admit that I have hardly any knowledge on quantum field theory, although I know both areas share some common ground when we talk about the study of RG. I'd like to clarify John Cardy's statement. Is there a difference between renormalization and renormalization group? If so, what is it? How are these two techniques related?