webpack.config.js

var path = require('path');
var webpack = require('webpack');

module.exports = {
  devtool: 'eval',
  entry: [
    'webpack-dev-server/client?http://localhost:3000',
    'webpack/hot/only-dev-server',
    './index'
  ],
  output: {
    path: __dirname,
    filename: 'bundle.js',
    publicPath: '/static/'
  },
  plugins: [
    new webpack.HotModuleReplacementPlugin(),
    new webpack.NoErrorsPlugin()
  ],
  resolve: {
    extensions: ['', '.js', '.jsx'],
    alias: {
      'react/lib': __dirname + '/node_modules/react/lib',
      'react/addons': __dirname + '/node_modules/react/addons',
      'react': __dirname + '/node_modules/react'
    }
  },
  module: {
    loaders: [{
      test: /\.js$/,
      loaders: ['react-hot', 'babel'],
      exclude: /node_modules/,
      include: __dirname
    }, {
      test: /\.(js|jsx)$/,
      loaders: ['react-hot', 'babel'],
      include: /node_modules\/material-ui\/src/
    }, {
      test: /\.js$/,
      loaders: ['babel'],
      include: path.join(__dirname, '..', '..', 'src')
    }, {
      test: /\.less$/,
      loader: 'style-loader!css-loader!less-loader'
    }, {
      test: /\.(png|jpg)$/,
      loader: 'url-loader?limit=8192'
    }]
  }
};