This survey article is devoted to the notions of purity, algebraic and -algebraic compactness, direct sum decompositions, and representation type in the category of modules over a ring. It begins with basic definitions, a brief history, and a discussion of global decomposition problems going back to work of K"othe and Cohen-Kaplansky; these are strongly tied to algebraic compactness. Characterisations of (-)algebraically compact modules are presented, as well as the functorial underpinnings on which they are based. In particular, product-compatible functors, matrix functors and -functors are discussed. The latter part of the article is devoted to rings of vanishing left pure global dimension, product completeness, endofiniteness, the pure semisimplicity problem and its connection with a strong Artin problem on division ring extensions.

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