Reckitt was born in Beverley, Yorkshire on 19 June 1888, and died at Roehampton, Surrey on 11 January 1980. His father was a director of Reckitt's, the family firm; his suicide in 1927 had a strong effect on Reckitt. As Child, Reckitt suffered from ill health and was educated at home. He then went to St John's College, Oxford in 1907, graduating with a second in modern history in 1911. He then taught at a school in Ipswich from 1911–13, returning to Oxford with the idea of studying for a higher degree, but did not enrol at any college, instead becoming involved in the Guild Socialist movement. As he himself said later, two of the strongest influences on him at this stage were G.K. Chesterton's Christian vision and G.D.H. cole’s socialism. Although the two men were temperamental opposites, Reckitt and Cole became friendly, and together they founded the National Guilds League in 1915. Reckitt married Evelyn Aimée Peppercorn, a professional violinist, in 1920; they had no children.
From The Biographical Dictionary of British Economists in Oxford Reference.