The biography begins with Smith's early years in Kirkcaldy, Scotland, where he exhibited prodigious intellectual abilities. Rae details Smith's education at the University of Glasgow and Oxford, emphasizing the influences of key figures in the Scottish Enlightenment, such as Francis Hutcheson and David Hume. The narrative reveals Smith's character, his friendships, and the development of his ideas on economics and morality, highlighting how personal experiences and the intellectual climate of his time shaped his groundbreaking theories.

Rae also delves into Smith's major works, particularly The Theory of Moral Sentiments and The Wealth of Nations, illustrating how they contributed to the foundations of modern economic thought and ethics. The biography concludes with reflections on Smith's legacy, positioning him as a pivotal figure in the transition from mercantilism to classical economics. Through thorough research and engaging prose, Rae presents a comprehensive portrait of Adam Smith, illustrating not just his contributions to economics, but also his lasting impact on moral philosophy and social theory.

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