Sentence:  Any objective explanation of the logic of this term as undertaken, for instance, by F. MACHLUP in his essay, 'Three Concepts of the Balance of Payments and the so-called Dollar Shortage' (Economic Journal, March 1950), is usually received very testily by the exponents of a collectivist and inflationary avant-gardism, firstly, because they object to the proof that the balance of payments rights itself without the <WSD>polypragmatism</WSD> of economic planning if only the opposite of their beloved policy is pursued, and secondly because they are bitterly opposed to the proof that their own policy is responsible for the 'adverse balance of payments'. 
Meaning of the word marked with <WSD> tags:  A tendency toward meddling or officiousness.