Professor Robert Shiller on Automation Anxiety from Aristotle to AI

In this excerpt from an exclusive interview, Nobel laureate Professor Robert Shiller joins DoubleLine’s Jeffrey Sherman to explore the historical and modern narratives surrounding automation, artificial intelligence, and labor markets. Drawing parallels between today’s AI anxieties and the fears of technological unemployment during the Great Depression, Shiller explains how narratives—not just data—shape economic behavior, policy, and public sentiment. The discussion also touches on immigration, labor shortages, and the importance of financial literacy in a rapidly evolving world. A timely and insightful dialogue on how stories drive markets and society.