%0 Journal Article %T On the Limits of Chiral Perturbation Theory %A Thomas Appelquist %A John Terning %J Physics %D 1992 %I arXiv %R 10.1103/PhysRevD.47.3075 %X We consider the relation between the breakdown scale of chiral perturbation theory, $\Lambda_\chi$, for large values of $N$ (flavor), and the scale associated with ``new" physical thresholds. This question is addressed using both the linear $\sigma$ model and an asymptotically-free gauge theory to describe the high energy dynamics. It is suggested that the massive physical threshold could be well above $\Lambda_\chi$. %U http://arxiv.org/abs/hep-ph/9211223v2