Douglas Dennison Peters, (March 3, 1930 – October 7, 2016) was a

Canadian Canadians () are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''C ...

banker A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

, and

politician A politician is a person who participates in Public policy, policy-making processes, usually holding an elective position in government. Politicians represent the people, make decisions, and influence the formulation of public policy. The roles ...

Life and career

Peters was born in

Brandon, Manitoba Brandon () is the second-largest city in the province of Manitoba, Canada. It is located in the southwestern corner of the province on the banks of the Assiniboine River, approximately west of the provincial capital, Winnipeg, and east of the ...

, the son of Mary Gladys (née Dennison) and Dr. Wilfrid Seymour Peters. In 1954, he married Audrey Catherine Clark (December 2, 1928 – August 2, 2007). He had two children, including professor David Wilfrid Peters, and two grandchildren, including actor

Keir Gilchrist Keir David Peters Gilchrist (; born 28 September 1992) is a Canadian actor. On television, he portrayed Marshall Gregson on the Showtime comedy-drama '' United States of Tara'' (2009–2011) and headlined the Netflix comedy-drama ''Atypical'' ...

. He received a Bachelor of Commerce degree from Queen's University in 1963 and a PhD from the

Wharton School The Wharton School ( ) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, a co-founder of Bethlehem Steel, the Wharton ...

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

in 1969 where he was classmates with two other well-known Canadian economists, Arthur Donner and

Robert Rabinovitch Robert Rabinovitch (born March 1, 1943) is a Canadian public servant and businessman who was President and Chief Executive Officer of the Canadian Broadcasting Corporation

. After serving as chief economist and senior vice-president of the

Toronto-Dominion Bank Toronto-Dominion Bank (), doing business as TD Bank Group (), is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank was created on February 1, 1955, through the merger of the Bank of ...

, Peters entered politics in the 1993 election. He was elected as the Liberal Member of Parliament for

Scarborough East Scarborough East was a Canadian electoral district represented in the House of Commons of Canada from 1968 to 2003. It initially consisted the eastern part of the Borough of Scarborough, Toronto, Scarborough, although its boundaries were adju ...

Prime Minister A prime minister or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but r ...

Jean Chrétien Joseph Jacques Jean Chrétien (; born January 11, 1934) is a retired Canadian politician, statesman, and lawyer who served as the 20th prime minister of Canada from 1993 to 2003. He served as Leader of the Liberal Party of Canada, leader of t ...

appointed Peters to the position of Secretary of State for International Financial Institutions. Peters retired from politics at the 1997 election. In 1979, Peters and Arthur Donner wrote a book titled ''The Monetarist Counter-revolution: A Critique of Canadian Monetary Policy, 1975-1979''. Douglas Peters and David Wilfrid Peters authored an article titled "Reforming Canada's Financial Services Sector: What Needs to Follow from Bill C8", that appeared in the December 2001 issue of the ''Canadian Public Policy'' journal. According to author

Linda McQuaig Linda Joy McQuaig (born September 1951) is a Canadian journalist, columnist, author and social critic. She worked as a reporter investigating the Patti Starr affair. She wrote books and newspaper columns focusing on corporate influence in econ ...

, Peters took a

Keynesian Keynesian economics ( ; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomic theories and models of how aggregate demand (total spending in the economy) strongly influences economic output an ...

economic prescription to government, and decided to leave politics when he found that his views were largely ignored.

References

External links

* {{DEFAULTSORT:Peters, Douglas 1930 births 2016 deaths Businesspeople from Brandon, Manitoba Canadian bankers Canadian economists Liberal Party of Canada MPs Members of the 26th Canadian Ministry Members of the House of Commons of Canada from Ontario Members of the King's Privy Council for Canada Politicians from Brandon, Manitoba Queen's University at Kingston alumni Wharton School alumni 20th-century members of the House of Commons of Canada