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In this work, Peritz analyses how free competition has signified both freedom from oppressive government and freedom from private economic power. Peritz shows how these two complex yet distinct and sometimes contradictory images have influenced government policy and continue to inspire public debate over political economy in America.

Antitrust law --- United States --- History --- Competition --- Competition - United States - History. --- Competition (Economics) --- Competitiveness (Economics) --- Economic competition --- Commerce --- Conglomerate corporations --- Covenants not to compete --- Industrial concentration --- Monopolies --- Open price system --- Supply and demand --- Trusts, Industrial --- History. --- Economic aspects

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Responds to Senate?s concerns that further consolidation in the military-aircraft industry from its current three prime contractors would pose risks to innovation and cost through limited or no competition in contracting for military aircraft and related weapon systems for the Defense Department. Describes that industry, evaluates what is required to maintain the industry at a high level of innovation, assesses industry?s prospects for innovation and competition, and identifies policy options open to the DoD.

Aircraft industry--Military aspects--United States. --- Airplanes, Military--Technological innovations--United States. --- Competition--United States. --- Military aeronautics equipment industry--United States. --- Mechanical Engineering --- Engineering & Applied Sciences --- Aeronautics Engineering & Astronautics --- Airplanes, Military --- Competition --- Military aeronautics equipment industry --- Aircraft industry --- Technological innovations --- Military aspects --- Aeroplanes, Military --- Military airplanes --- War planes --- Warplanes --- Airplane industry --- Aviation industry --- Defense industries --- Aeronautics, Military --- Government aircraft --- Air warfare --- Aerospace industries --- Airplanes --- Equipment and supplies