An enriched view on the extended finitary monad--Lawvere theory correspondence
Richard Garner, John Power

TL;DR
This paper provides an enriched category theory perspective on the monad-Lawvere theory correspondence, generalizing previous results to arbitrary locally finitely presentable bases using bicategory enrichment.
Contribution
It introduces a new enriched categorical framework that explains the monad-theory correspondence over general bases, extending prior set-based results.
Findings
Generalizes the monad-theory correspondence to arbitrary bases
Uses bicategory enrichment to capture the correspondence
Shows the passage as a free completion under absolute colimits
Abstract
We give a new account of the correspondence, first established by Nishizawa--Power, between finitary monads and Lawvere theories over an arbitrary locally finitely presentable base. Our account explains this correspondence in terms of enriched category theory: the passage from a finitary monad to the corresponding Lawvere theory is exhibited as an instance of free completion of an enriched category under a class of absolute colimits. This extends work of the first author, who established the result in the special case of finitary monads and Lawvere theories over the category of sets; a novel aspect of the generalisation is its use of enrichment over a bicategory, rather than a monoidal category, in order to capture the monad--theory correspondence over all locally finitely presentable bases simultaneously.
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