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Is there any particular reason the commuting diagram associated with a morphism in the category of F-algebras looks so much like the naturality square for a natural transformation from F to the identity functor?
Is F something particular here or just any old endofunctor?
It is possible to express the property of being a morphism of algebras (over an endofunctor ) in terms of natural transformations - an arrow gives a morphism iff give the components of a natural transformation , where is the functor which picks out the arrow .
I don't know if there's anything more interesting going on, though.