ABSTRACT
This chapter is concerned with the brief but crucial period between the presentation of the Bullion Report in August 1810 and the defeat of its analysis and recommendations in parliament in May 1811. In early September 1810 Sinclair published the pamphlet Observations on the Report of the Bullion Committee, and sent a copy of it to every member of parliament. In late November 1810 Charles Bosanquet published his Practical Observations on the Bullion Report. After the defeat of the Bullion Report in parliament, debate and controversy over monetary matters soon died down. Analytical structure went hand in hand with socio-cultural environment, and the monetary debate, the emergence and development of monetary theory and policy, was a confrontation of styles and modes of thought because, and insofar as, it was a confrontation of groups and/or classes with contrasting lived-experiences, commitments, and cultural biases.
