**[UPDATE 2012-03-08: since this post was written eff has changed considerably. For updated information, please visit the eff page.]**

I just returned from Paris where I was visiting the INRIA ?r² team. It was a great visit, everyone was very hospitable, the food was great, and the weather was nice. I spoke at their seminar where I presented a new programming language * eff* which is based on the idea that computational effects are algebras. The language has been designed and implemented jointly by Matija Pretnar and myself. Eff is far from being finished, but I think it is ready to be shown to the world. What follows is an extended transcript of the talk I gave in Paris. It is divided into two posts. The present one reviews the basic theory of algebras for a signature and how they are related to computational effects. The impatient readers can skip ahead to the second part, which is about the programming language.

A side remark: I have updated the blog to WordPress to 3.0 and switched to MathJax for displaying mathematics. Now I need to go through 70 old posts and convert the old ASCIIMathML notation to MathJax, as well as fix characters which got garbled during the update. Oh well, it is an investment for the future.