Currently I'm studying renormalization group, and I'm having trouble understanding the following statement which I see almost everywhere in books on QFT: renormalization group sums a series of divergent diagrams.
In particular examples, like 1-loop corrections to photon propagator, it is clear: we consider a following series It sums as a geometric progression and gives the desirable answer, same as RG equation provides if we consider a contribution to beta-function from the first diagram. But is there any way to construct and look at concrete series of diagrams, which we have resummed via the use of RG equation in a given order, in an arbitrary case, in order to find what contributions we missed?
Say, we have a $\phi^4$ theory. The beta-function in one-loop is $\beta(\lambda) = \frac{3\lambda^2}{16\pi^2}$ is given by a first divergent contribution to 4-point function - diagram with one "bubble"; the factor 3 comes from crossing symmetry. By solving the RG equations, we get for a running coupling constant on scale $p$
$\lambda(p) = \frac{\lambda(\mu)}{1 - \frac{3\lambda}{16\pi^2} \log p/\mu}$
where $\mu$ is the reference scale. If we expand the denominator, we see a series which looks like it's given by some set of perturbative expansion terms; the first one is just the "one-bubble-diagrams". But I wasn't able to find what diagrams correspond to different terms even in the next order, especially to reproduce the strange factor of 9.