Reiter completed his A.B. with honors in economics from Queens College in 1947. He then completed his M.A. (1950) and Ph.D. in economics (1955) from the University of Chicago. From 1949 to 1954, he was associated with Stanford University as an instructor and a research associate. From 1954 to 1967, he was at the faculty of Purdue University. He joined the faculty at Northwestern University in 1967.
In 1960 Reiter coined the term Cliometrics.
Reiter is a fellow of the Econometric Society, the American Association for the Advancement of Science, and the American Academy of Arts and Sciences.
- "Curriculum Vitae of Stanley Reiter". Northwestern University. Retrieved 2008-07-14.
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