Recall that every finite-dimensional rational representation of $GL_n$ is of the form $(\det)^{-k} \varrho$ for some integer $k\geq 0$ and polynomial representation $\varrho$ (and $\det$ is the one-dimensional representation $A\mapsto \det(A)$). The irreducible polynomial representations have been classified and are given by the Schur modules.
My questions are as follows. Are there simply-described finite-dimensional non-rational representations of $GL_n$? Are there a lot of them? Can they be classified? Also, why do we care about polynomial representations in the first place?