This book gives a detailed description on mathematical theory of elasticity and generalized dynamics of solid quasicrystals and its applications.The Chinese edition of the book Mathematical Theory of Elasticity of Quasicrystals and Its Applications was published by the Beijing Institute of Technology Press in 1999, written by Prof Tian-You Fan. In this English edition of the book, the phonon-phason dynamics, defect dynamics and hydrodynamics of solid quasicrystals are included, so the scope of the book is beyond elasticity. Hence, the title in this edition is changed to Mathematical Theory of Elasticity and Generalized Dynamics of Quasicrystals and Its Applications. This book is the first and only monograph in the scope of quasicrystals since first published in 1999 in China and worldwide. In this edition, the two-dimensional quasicrystals of second kind, soft-matter quasicrystals and photonic bade-gap and application of photonic quasicrystals are added.This book combines the mechanical and physical behavior of quasicrystals and mathematical physics, which may help graduate students and researchers in the fields of new materials, condensed matter physics, applied mathematics and engineering science.