The plane elasticity theory of two-dimensional octagonal quasicrystals is d
eveloped in this paper. The plane elasticity problem of quasicrystals is re
duced to a single higher-order partial differential equation by introducing
a displacement function. As an example, the exact analytic solution of a M
ode I Griffith crack in the material is obtained by using the Fourier trans
form and dual integral equations theory, then the displacement and stress f
ields, stress intensity factor and strain energy release rate can be calcul
ated. The physical significance of the results relative to the phason and t
he difference between the mechanical behaviours of the crack problem in cry
stals and quasicrystals are figured out. These provide important informatio
n for studying the deformation and fracture of the new solid phase.