The Grothendieck and Picard groups of finite rank torsion free $\mathfrak{sl}(2)$-modules

The classification problem for simple $\mathfrak{sl}(2)$-modules leads in a natural way to the study of the category of finite rank torsion free $\mathfrak{sl}(2)$-modules and its subcategory of rational $\mathfrak{sl}(2)$-modules. We prove that the rationalization functor induces an identification between the isomorphism classes of simple modules of these categories. This raises the question of what is the precise relationship between other invariants associated with them. We give a complete solution to this problem for the Grothendieck and Picard groups, obtaining along theway several new results regarding these categories that are interesting in their own right.