Crossword Genius

Economist working with a proven means of excessive counterbalancing (16)

Ross

I believe the answer is:

overcompensation

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'economist working with a proven means of excessive counterbalancing' is the definition.
I can't tell whether this defines the answer.

'economist working with a proven' is the wordplay.
'working with' is an anagram indicator (working with the letters).
'a'+'proven'='aproven'
'economist' with its letters anagrammed with 'aproven' makes 'OVERCOMPENSATION'.

Can you help me to learn more?

(Other definitions for overcompensation that I've seen before include "Excessive recognition of loss" , "An excessive act of making amends" .)

I've seen this clue in The Times.
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