Cash Box described the single as a "raunchy, shufflin’ emotional tale of despair."[3]
Ray Davies said, "We'd been rehearsing 'Where Have All the Good Times Gone' and our tour manager at the time, who was a lot older than us, said, 'That's a song a 40-year-old would write. I don't know where you get that from.' But I was taking inspiration from older people around me. I'd been watching them in the pubs, talking about taxes and job opportunities."[4]
The song has since gained "classic" status and featured on numerous compilations. Pye Records released the track as a single in November 1973 (Pye 7N 45313 b/w "Lola"). This re-release failed to chart. Although the Kinks had performed the song live on the TV show Ready Steady Go! in 1965, it would not become a staple of their live shows until the 1970s.
The song was covered and released as a single in 1982 by Van Halen for their album Diver Down, reaching 17 on Billboard's Mainstream Rock chart. The song has also been covered by David Bowie.
Hinman, Doug (2004). The Kinks: All Day and All of the Night: Day-by-Day Concerts, Recordings and Broadcasts, 1961–1996. San Francisco, California: Backbeat Books. ISBN978-0-87930-765-3.