Published online by Cambridge University Press: 10 January 2022
It is well known that classical varieties of $\Sigma$-algebras correspond bijectively to finitary monads on
$\mathsf{Set}$. We present an analogous result for varieties of ordered
$\Sigma$-algebras, that is, categories of algebras presented by inequations between
$\Sigma$-terms. We prove that they correspond bijectively to strongly finitary monads on
$\mathsf{Pos}$. That is, those finitary monads which preserve reflexive coinserters. We deduce that strongly finitary monads have a coinserter presentation, analogous to the coequalizer presentation of finitary monads due to Kelly and Power. We also show that these monads are liftings of finitary monads on
$\mathsf{Set}$. Finally, varieties presented by equations are proved to correspond to extensions of finitary monads on
$\mathsf{Set}$ to strongly finitary monads on
$\mathsf{Pos}$.
J. Adámek and M. Dostál acknowledge the support of the grant No. 19-0092S of the Czech Grant Agency.