We discuss a renormalization scheme for relativistic baryon chiral
perturbation theory which provides a simple and consistent power counting for
renormalized diagrams. The method involves finite subtractions of dimensionally
regularized diagrams beyond the standard modified minimal subtraction scheme of
chiral perturbation theory to remove contributions violating the power
counting. This is achieved by a suitable renormalization of the parameters of
the most general effective Lagrangian. As applications we discuss the mass of
the nucleon, the σ term, and the scalar and electromagnetic form
factors.Comment: Invited talk given by S. Scherer at the Fourth International
Conference on Perspectives in Hadronic Physics, Trieste, Italy, 12 -16 May
2003, 8 pages, 7 figure