In this paper, Matthew Cowley advances a theoretical approach toward higher education drawn from critical race theory (CRT) and Black Marxism. After an overview of CRT and Black Marxism, Cowley builds a working understanding of two recent (re)conceptualizations of race and class analysis that draw from both: (1) "economies of racism" and (2) "critical raceclass theory of education." Subsequently, he connects two assumptions of CRT and Black Marxism -- "whiteness as property" and "racial capitalism" -- to expound on an original hypothesis, relate it to relevant issues in higher education, and evaluate it by deploying the economies of racism theoretical approach.