diff --git a/CHANGELOG.md b/CHANGELOG.md
index d9c2ac67..4c918e3f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,20 @@
 # Changelog
 
+## Ver 0.7.2 (14th-March-2024)
+
+### Fix
+
+* FIX: linprog_simplex: Fix bug in Phase 1 by @oyamad in https://github.com/QuantEcon/QuantEcon.py/pull/727
+
+### Maintenance 
+
+* FIX: Update license file from BSD-3 to MIT by @mmcky in https://github.com/QuantEcon/QuantEcon.py/pull/712
+* MAINT: Update end year in License by @mmcky in https://github.com/QuantEcon/QuantEcon.py/pull/713
+* Add citation by @Smit-create in https://github.com/QuantEcon/QuantEcon.py/pull/719
+* Update ci.yml to latest version by @kp992 in https://github.com/QuantEcon/QuantEcon.py/pull/718
+
+**Full Changelog**: https://github.com/QuantEcon/QuantEcon.py/compare/v0.7.1...v0.7.2
+
 ## Ver 0.7.1 (29-May-2023)
 
 This is a minor release with bug fixes and improvements to documentation. 
diff --git a/quantecon/__init__.py b/quantecon/__init__.py
index 765005f0..b61867e7 100644
--- a/quantecon/__init__.py
+++ b/quantecon/__init__.py
@@ -3,7 +3,7 @@
 Import the main names to top level.
 """
 
-__version__ = '0.7.1'
+__version__ = '0.7.2'
 
 try:
     import numba