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Keynes's influence waned in the 1970s, partly as a result of the stagflation that plagued the Anglo-American economies during that decade, and partly because of criticism of Keynesian policies by Milton Friedman and other monetarists.

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He also studied for Tripos in 1905 and, the following year took civil service exams.

The economist Harry Johnson wrote that the optimism imparted by Keynes's early life is a key to understanding his later thinking.

At Eton, Keynes experienced the first "love of his life" in Dan Macmillan, older brother of the future Prime Minister Harold Macmillan.

Despite his middle-class background, Keynes mixed easily with upper-class pupils.

Keynes's mother made her children's interests her own, and according to Skidelsky, "because she could grow up with her children, they never outgrew home".