For whatever reasons — maybe the reality fatigue I've felt — a lot of literary writers are trying their hand at speculative fiction. Philip Roth used a "counterfactual" history — what if Nazi sympathizers in the US won the 1940 election? — to explore anti-Semitism in The Plot Against America. Cormac McCarthy muses on the nature of morality in the Hobbesian anarchy of his novel The Road. Then there's the genre-bending likes of Michael Chabon, Jonathan Lethem, Susanna Clarke, and Margaret Atwood (whom I like to think of as a sci-fi novelist trapped inside a literary author).
Those aren't writers whose books are adorned with embossed dragons. But that doesn't mean they don't owe that dragon a large debt.