In 1950, the historian Henry Steele Commager wrote about the Tennessee Valley Authority, the New Deal agency that brought electricity and economic development to seven states in the rural South. It was, he said, no less than “the greatest peacetime achievement of twentieth-century America,” a triumphant alliance of “science and politics.” Speaking with an absolute confidence that is hard to imagine in the present day, Commager asserted that the history of the TVA demonstrated beyond a doubt that “public intelligence can operate most effectively through government and that government can be more efficient than business.”What accounts for the retreat of postwar liberalism? Why did Commager’s e
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