On Categories $\mathcal{O}$ for Root-Reductive Lie Algebras

Let $\mathfrak{g}$ be a root-reductive Lie algebra over an algebraically closed field $\mathbb{K}$ of characteristic $0$ with a splitting Borel subalgebra $\mathfrak{b}$ containing a splitting maximal toral subalgebra $\mathfrak{h}$. We study the category $\bar{\mathcal{O}}$ consisting of all $\mathfrak{h}$-weight $\mathfrak{g}$-modules which are locally $\mathfrak{b}$-finite and have finite-dimensional $\mathfrak{h}$-weight spaces. The focus is on very special Borel subalgebras called the Dynkin Borel subalgebras. This paper serves as an initial passage to the understanding of categories $\mathcal{O}$ for infinite-dimensional root-reductive Lie algebras.