Question

Functional finance concept was introduced by

Answer 1

Functional finance concept was introduced by Abba.P.Lerner.

Answer 2

Functional finance. Functional financeis an economic theory proposed by Abba P. Lerner, based on effective demand principles and chartalism. It states that government should financeitself to meet explicit goals, such as taming the business cycle, achieving full employment, ensuring growth, and low inflation.