[yetanotherphd]

>Cost-push is described in Reisman's tome "Capitalism" and is shown why it is a false theory starting on pg. 907.

I couldn't understand that. One difficulty is that not only do Austrian economists use a different language to describe things, but it seems to be arguing against a traditional Keynesian viewpoint. Right now PhD programs don't teach any traditional Keynsian econ, (undergrad programs teach a bit), they skip straight to neo-Keynsianism, which only keeps a few ideas from the original Keynes (e.g. sticky prices). So I don't really understand what the article is arguing against.

I already gave a description of what I thought the sticky-prices based argument for cost-push inflation was. Can you explain in your own words how this particular argument is refuted?

Re the professor, I guess I'll just chalk that up to a bad professor.