I expect the author has done this knowingly, but the title is rather painful for a mathematician to read.
A list is not a monad. List is a monad. A list is an algebra for the List monad.
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A list is not a monad. List is a monad. A list is an algebra for the List monad.
I could make this distinction in part 3 (not written yet) although I want to balance not misleading readers, but not overcomplicating it too early on.